Investment---Carbase,-Bristol_sold

Status: Sold

Terms: Freehold

Price: £4,000,000

Yield: 7.09%

Carbase, Netham Road, Bristol BS5 9PQ

  • Established Car Supermarket and associated Auto Centre
  • Prominent location fronting Netham Road
  • 20 years lease to Brent Cars Limited t/a Carbase
  • Major city and largest commercial centre in the south west of England
  • Carbase are a growing used car dealership group and a well established RAC recommended dealer, occupying four sites across the south west of England
  • 86% of income benefits from uncapped RPI increases compounded
  • Low rent of £2.71 psf on Auto Centre with OMV reviews
  • Total passing rent of £299,950 per annum
  • Long term redevelopment opportunities (STP), underwriting the residual vale of both sites
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