Other

Honda Showroom, Concorde Way, Stockton-on-Tees 

 

Price: £2,350,000

Date: Q1 2010

Acting on behalf of Carisbrooke we advised on the disposal of this car dealership investment to a Private Investor for £2.35m.

The property comprises a purpose built car dealership of approximately 13,000 sq ft GIA. The property is let to Honda Motor Europe Ltd on FRI terms for 25 years from 25 September 1999 at a current rent of £176,000 p.a subject to 5 yearly open market rent reviews, with minimum rental uplifts in September 2009 and 2014. 

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk


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