Located in Stockton on Tees, the property occupies a prominent site fronting the A135.
Dominant car dealership location with brands including Mercedes, BMW, Audi and Volvo.
Purpose built car showroom, comprising 24,780 sq ft (2,302 sq m) with 250 car spaces.
Operated by one of the UK’s largest dealership groups and let to subsidiary Reg Vardy (Property Management) Ltd with a parent company guarantee from Pendragon Newco 2 Limited with 7.5 years term certain.
Current rent of £484,514 per annum (£19.55 per sq ft).
Annual RPI rent reviews capped at 2.77% per annum.
Site area of approximately 3.56 acres (1.4 ha), representing a site density of 16%.
Freehold.
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Teeside Jaguar Land Rover, Concorde Way, Stockton on Tees (0 Properties)