Investment---Warwick,-BMW_Sold

Status: Sold

Terms: Freehold

Price: £9,000,000

Yield: 6.72%

BMW & Volvo, Europa Way, Warwick CV34 6SP

  • Prime car dealership destination trading under the BMW, Volvo and Sytner Select brands
  • The property occupies a prominent position fronting the A452 Europe Way which links Leamington Spa to the M40
  • Located on the established Heathcote Industrial Estate, 1.7 miles south east of Warwick, 2.4 miles south of Royal Leamington Spa and three miles north of Junctions 13 and 14 of the M40 Motorway
  • The property comprises three self contained buildings extending to 38,216 sq ft (3,550.4 sq m), occupying a substantial site area of 3.86 acres (1.56 hectares)
  • A low site coverage of circa 25%
  • Let to Sytner Group Limited (D&B 5A1), the UK’s leading retailer of prestige and specialist cars, for a further 6.4 years
  • Sytner Group are the second largest dealership group in the United KingdomA current passing rent of £645,032 per annum (£16.88 psf) with a minimum guaranteed uplift in Oct 2017 to £766,104 pa (effectively 3.5% per annum compounded)
  • Freehold

Automotive Investment - Europa Way, Warwick

Heathcote, Warwick CV34 6SP, UK
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