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Graham S Hall Chartered Surveyors has completed the sale of 72 North Road, Durham, a well-located mixed-use investment property in one of the city’s busiest commercial areas.
The property comprises a ground floor retail unit with a separately accessed three-bedroom student apartment above. The sale was agreed at £450,000, reflecting a net initial yield of approximately 8% after standard purchase costs.
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We are delighted to confirm that we have acquired this prominent 4,300 sq ft roadside retail investment on behalf of retained clients.
The development is located on a busy roundabout, just off the A693 ring road on the edge of Stanley town centre.
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Acting on behalf of Halls of Durham Limited, Graham S Hall Chartered Surveyors are delighted to announce the sale of Forster Business Centre, Durham to the voracious Ward Group Investments Limited for close to £700,000.
The c. 10,000 sq ft neighbourhood office scheme of three buildings; Jordan House, Forster House and Aiden House, with 47 car spaces was developed by Halls 20 years ago when their glassware business moved into property investment and development.
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Graham S Hall Chartered Surveyors are delighted to announce that; Papa Johns, the popular international pizza chain, has agreed a new 15 year lease on the 1,000 sq ft, former Coral Bookmakers unit at 48-50 Medomsley Road in Consett, Co. Durham.
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We are pleased to announce that leading bathroom retailer; Easy Bathrooms has just signed a new 10 year lease on a new 5,873 sq ft unit at Abbey Road Trade & Retail Park in Durham. The deal went through quickly and efficiently with solicitors instructed on February 10th and the Tenant in fitting out as of March 8th - proving that when both parties are willing to work together, anything is possible!
