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Drive Thru & Roadside Scheme Faverdale

12,406 SF 100% Leased Retail Building Darlington DL3 0PZ $10,329,531 ($833/SF) 5.38% Cap Rate

Retail Space Co Durham Darlington Faverdale, Darlington, DUR DL3 0PZ

Investment Highlights

  • New Development let to McDonalds, Costa, Taco Bell, Fastned etc
  • £8.15m which shows a NIY of 5.44% based on a funding arrangement
  • WAULT of 13.8 years

Executive Summary

Development for sale, offers in excess of £8,150,000 which reflects a true net initial yield of 5.38% based on a forward funding arrangement which includes a 50/50 split on stamp duty saving and based on costs of 2.86%.

Attachments

Faverdale, Darlington, multi let roadside investment

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
12,406 SF
Year Built
2025
Construction Status
Proposed
Price
$10,329,531
Price Per SF
$833
Cap Rate
5.38%
NOI
$555,729
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
136 Spaces (10.96 Spaces per 1,000 SF Leased)
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+44 191 255 7770

  • Listing ID: 29545016

  • Date on Market: 9/18/2023

  • Last Updated:

  • Address: Faverdale, Darlington DL3 0PZ

The Retail Property at Faverdale, Darlington, DL3 0PZ is currently available For Sale. Contact MHPI Ltd for more information.

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Drive Thru & Roadside Scheme | Faverdale
+44 191 255 7770 x

Drive Thru & Roadside Scheme | Faverdale

James Metcalf

+44 191 255 7770

+44 191 255 7770

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