News

Motor Trade Investment in Durham acquired for Property Company

We are very pleased to confirm that in June 2019 Johnson Tucker LLP acted for a North East based property company in the purchase of a prominent motor-trade investment at Durham City Retail Park.

The property is located in a prominent position next to Durham City Retail Park and let to Sherwoods Limited, who run a Peugeot dealership on the site. The property is let for another 11 years and provides a rent of approximately £140,000 p.a.

Daniel Capobasso, Partner at Johnson Tucker LLP purchased the property for a local property company in June 2019.

If you would like more information on this investment acquisition or any other investments listed on our website please contact Daniel Capobasso on 0191 269 7897 or email danielc@johnsontucker.co.uk. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.