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Aspectos destacados
- Prime roadside foodstore investment in Darlington, County Durham, located directly off Junction 58 of the A1(M).
- Total GIA extending to 16,006 sq ft. with 56 car parking spaces.
- Fully let to Marks & Spencer plc on a 20 year lease from 19th June 2018 with a tenant break option on 19th June 2033, providing an attractive 12.7 years to expiry and 7.7 years to break.
- Marks & Spencer plc hold a D&B rating of 5A2 and Equivalent Bond rating of BBB, reporting £12.9 billion turnover in 2024 alongside profit of £686 million.
- Freehold.
- Modern purpose-built foodstore constructed alongside West Park Garden Village, a significant residential development spanning 200 acres with planning to deliver 1,200 homes.
- Site area of 0.95 acres providing a low site cover of 28.43%.
- The lease is subject to five yearly OMR reviews, subject to a cap of 2.5% per annum. The next review is due in June 2028.
- Current passing rent is £200,000 per annum reflecting a low £12.50 per sq ft.
Resumen ejecutivo
PRIME ROADSIDE FOODSTORE INVESTMENT The property comprises a modern purpose built foodstore of steel portal frame construction, with brick and blockwork elevations with full height glazing to the front, set under a mono pitched composite roof. Internally, the property is fitted out to provide standard M&S foodstore accommodation, comprising the main retail floor and till areas, with service areas to the rear. The store is fitted with standard corporate branding. Externally the property benefits from a large level surface car park with 56 car spaces providing a ratio of 1:286 sq ft.
Modern purpose-built foodstore constructed alongside West Park Garden Village, a significant residential development spanning 200 acres with planning to deliver 1,200 homes.
Total GIA extending to 16,006 sq ft. with 56 car parking spaces.
Fully let to Marks & Spencer plc on a 20 year lease from 19th June 2018 with a tenant break option on 19th June 2033, providing an attractive 12.7 years to expiry and 7.7 years to break.
The lease is subject to five yearly OMR reviews, subject to a cap of 2.5% per annum. The next review is due in June 2028.
The property is fully let to Marks and Spencer plc on a 20 year lease from 19th June 2018 with a tenant break option on 19th June 2033, providing an attractive 12.7 years to expiry and 7.7 years to break. The lease is subject to five yearly OMR reviews, subject to a cap of 2.5% per annum. The next review is due in June 2028. Further information available on request.
Información del edificio
Inquilinos principales
- Inquilino
- Sector
- m² Ocupado
- Precio de alquiler/m²
- Fin del alquiler
-
- Minorista
- 1.487 m²
- -
- -
M&S es un minorista británico líder que ofrece alimentos, ropa y artículos para el hogar de una calidad excepcional y a un precio excelente a millones de clientes en todo el mundo. Sus productos son conocidos por su calidad, frescura e innovación. Ofrecen estilo y moda británicos para mujeres, hombres, niños y accesorios para el hogar, y se comprometen a ofrecer un valor sostenible y mejorar la vida de las personas todos los días a través de ropa y productos para el hogar de alta calidad.
| Inquilino | Sector | m² Ocupado | Precio de alquiler/m² | Fin del alquiler | ||
|
Minorista | 1.487 m² | - | - |
Locales cercanos
Elaborado por
7 Invention Row
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