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Durham Retail Parade Acquired In £3.55m Deal

Ward Group Investments has snapped up a multi-let retail parade in Durham City for £3.55m.

Knight Frank Newcastle brokered the deal to purchase 1-7 North Road, which sits within Durham’s retail core opposite the newly-refurbished Riverwalk Shopping Centre.

The 23,000 sq ft parade comprises one convenience food store, five retail units and a kiosk, with tenants including Greggs, Hays Travel, Sainsbury’s and Bank of Scotland.

The investment generates a yield of 8.25 per cent, an annual income of £311,000.

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