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Two Modern Vehicle Dealerships

Stoke-on-Trent, United KingdomUnlock address

86%

£14.625.000

Special purpose

#14286

Core

3 Feb 2024

Property Details

Broker

For sale

59,612 sq.ft.

5,538 m²

Leasable area

245 £/sq.ft.

2,640 £/m²

5.85 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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.