Prime investment opportunity in Durham as Drive-Thrus @ Integra 61 comes to market

The asset comprises 3,710 sq ft of ground-floor accommodation, including two standalone drive-thru units currently occupied by Costa and Greggs respectively, plus 19 EV charging spaces let to Tesla. With an average unexpired lease term of 16 years, the asset generates a total net passing rent of £224,933 per annum.

Situated in a core location on the recently improved A688 opposite Durham Services and just 200 metres from J61, there is an average daily traffic flow of over 25,000 vehicles. It also benefits from a strong catchment population of circa 843,232 within a 20 minute drive time and is positioned south east of Durham city centre.

The site is part of a much larger flagship mixed use development known as Integra 61, which is nearing completion. Integra 61 is home to Amazon's 2 million sq ft fulfilment centre, with over 1,000 employees on site. A further 640,000 sq ft of speculative logistics space over five units, known as Connect at Integra 61, has also been completed with deals either concluded or in the pipeline on all units. The wider site comprises a highly sustainable mix of uses incorporating circa 260 new homes, a care home and some 80,000 sq ft of prime roadside uses including drive-thru's, self-storage, hotel, car showrooms and trade counter/retail uses at the gateway to the site.

George Trimmer, associate director in the investment team at Savills, comments: "This property provides the chance to acquire a highly reversionary drive-thru investment opportunity in an excellent roadside location. Given the high calibre of the existing occupiers and its position within a much larger established scheme, we expect to receive considerable interest from those looking to generate strong returns within the increasingly popular automotive and roadside sector."