Investment For Sale – offers in excess of £1.65 million for the freehold interest, subject to contract
- Established car dealership investment with workshop accommodation
- Occupied by SLM Group trading with a Toyota franchise
- Let on 15 year lease with tenant breaks
- Potential for future development or alternative uses, subject to planning, including self storage, IOS, retail, hotel or trade counter uses
- Passing rent of £100,000 per annum, with no VAT
- Seeking offers in the region of £1,650,000 reflecting a Net Initial Yield of approximately 5.71% assuming standard purchasers costs of 6% and a capital value of £166,000 per sq ft.