Greggs, Belmont Business Park, Durham DH1 1TH
Durham, DH1 1TW
Acquired
Price
£555,000
Rent (pa)
£35,000
Yield
6%
Investment Summary
- New build stand-alone ‘drive to’ unit on established business park
- Belmont Business Park is located just off the A1 (M) J62 to the north east of Durham
- The wider area serves c.2000 employees with very little amenity
- Fully let to the undoubted covenant of Greggs PLC
- Reviews at years 5 and 10 to CPI with collar and cap of 1% and 3% per annum compounded.
- Total gross internal floor area of 1,500 sq ft
- Initial rent of £35,000 per annum (£23.33 psf)
Interested in this property?
Contact our team for more information or speak directly with Sam Beckett.
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