Investment---Crawley_sold

Status: Sold

Terms: Freehold

Price: £2,000,000

Yield: 8.03%

Tesla Motors, County Oak Way, Crawley RH11 7ST

  • Crawley is an affluent commuter town approximately 32 miles south of central London
  • Prominently situated on County Oak Way in an established area of mixed use commercial and retail warehousing in close proximity to County Oak Retail Park
  • Newly refurbished car dealership facility arranged over ground and first floors, totaling circa 16,737 sq ft (1,555 sq m) with 50 forecourt display spaces and a further 25 secure compound spaces
  • The entire property is let on a 7 year lease from 8th August 2014 to Tesla Motors Limited (a wholly owned subsidiary of Tesla Motors Inc.)
  • Initial rent of £170,000 per annum (£10.15 psf). The vendor will top up any unexpired rent free period
  • Uncapped RPI rental increases from year 3
  • Tenant only break option at year 5
  • Freehold
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