£14.625.000
Confirmation
Two Modern Vehicle Dealerships
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For sale
59,612 sq.ft.
5,538 m²Leasable area
245 £/sq.ft.
2,640 £/m²5.85 %
1
Freehold
X
Fees
Investment Overview
Two modern purpose-built vehicle dealerships extending to approximately 59,612 sq ft. (5,538.13 sq m) with additional supporting accommodation of 6,329 sq ft (587.95 sq m). Prominent roadside locations with underlying alternative use values, subject to planning. The properties are let with an unexpired term certain of some 14.4 years, on a FR&I basis, subject to 5 yearly open market rent reviews. Total rental income of £913,000 pax (equating to £13.84 per sq ft). Properties are held freehold.
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