DSA Test Centre – Gateshead

Description

The property comprises a modern, purpose built driving test centre facility centrally located approximately 0.5 miles from the A1 and within close proximity to the Intu Metrocentre. The Property is let to the Government until 2047 (with breaks in 2022 and 2032) providing secure income with index linked growth. Acquired in March 2014.

Business Plan

The property was underwritten into auction and acquired by C2 Capital. The lease has inflation linked rent reviews and the business plan is to hold the asset over the medium term with a view to passing or removing the tenant break options.

Acquired on behalf of:

Fund 2