Huddersfield_Sold

Status: Sold

Terms: Virtual Freehold

Price: £6,300,000

Yield: 6.03%

VW Huddersfield, Leeds Road, Huddersfield HD2 1UL

  • Purpose built car dealership trading as Volkswagen
  • Let to the strong covenant of Goodman Retail Limited, a subsidiary of Sytner Group Limited, guaranteed by Volkswagen Group United Kingdom Limited
  • Surrounding occupiers include Audi, Mercedes-Benz, Volvo, Land Rover, Toyota, Peugeot and Renault
  • WAULT of 7.75 years
  • Large site area with an extensive road frontage
  • Current passing rent of £405,000 pa subject to five yearly upwards only rent reviews to open market rental value
  • Total accommodation of circa 3,848 sq m (41,316 sq ft) on a site of approximately 2.42 acres (0.98 hectares)
  • Low site coverage of 16%
  • Virtual freehold

We are instructed to seek offers in excess of £6,000,000 (six million pounds). A purchase at this level would reflect a Net Initial Yield of 6.33% assuming purchaser’s costs of 6.63%

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