• Birmingham is the economic and cultural powerhouse of the Midlands region, firmly established as the UK’s second city
  • Located in the heart of Fiveways, Edgbaston
  • The property comprises a modern petrol filling station, 3 storey office with telecoms mast totalling circa 14,622 sq ft (1,358.43 sqm)
  • Strong location fronting a main arterial route
  • Let to the exceptional 5A1 covenants of Shell UK Limited / Hutchison 3G UK Limited / Arqiva Limited with further options to asset manage vacant accommodation
  • Majority of the income has 16 years unexpired to Europe’s most valuable company Shell
  • Total passing rent of £131,125 per annum, with PFS OMV rent review due next year & uncapped RPI review on the telecoms mast
  • Revisionary in excess of £153,000 in 2020
  • We understand the property sells between 8.5 to 9.5 million litres of fuel per year and £1 million of shop sales
  • Potential to regear the Shell lease to expand the convenience offering for the entire ground floor (Shell have a partnership with Waitrose to offer forecourt convenience shopping), resulting in a further significant rental uplift
  • Vacant office accommodation comprising 8,295 sq ft, provides excellent scope for significant value add once the space is refurbished and relet to boost the total income
  • Scope for residential or student conversion STP
  • Site area of 0.53 acres (0.216 hectares)
  • Freehold
  • Strong alternative use options for long term wholescale redevelopment of the site to Student or Residential uses with surrounding schemes of up to 14 storeys
  • Offers in excess of £2,800,000 (Two Million Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT.
  • Located in the affluent South London suburb of Wallington
  • Situated 5 minutes from Wallington railway station in the town centre
  • Newly developed retail unit let to Screwfix Direct Ltd for a term of 10 years from Practical Completion
  • Screwfix Direct Ltd benefit from a Dun & Bradstreet credit rating of 5A1, a net worth of £569m and are a wholly owned subsidiary of Kingfisher plc.
  • Rent of £90,000 per annum
  • 250 year long leasehold at peppercorn (Virtual Freehold)
  • Seeking offers in excess of £1.415m subject to contract and exclusive of VAT
  • Net initial yield of 6% after allowance for purchaser’s costs of 6.05%
  • Strong location fronting a main arterial route in close proximity to the national motorway network and London Gatwick Airport
  • Modern purpose built forecourt convenience asset with dedicated parking
  • Let to Sainsbury’s Supermarkets Limited (D&B 5A1) with a current net worth in excess of £4.35bn
  • Sustainable passing rent of £228,180 per annum
  • The convenience store extends to 4,498 sq ft (418 sq m)
  • 14.5 years unexpired
  • 5 yearly reviews to RPI, collared and capped at 2% & 4% per annum
  • Potential asset management options to maximise surplus land
  • Freehold

We are instructed to seek offers in excess of £4,500,000 (Four Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 4.76%, assuming purchaser’s costs of 6.57%.

  • Cheltenham is an affluent regency spa town in Gloucestershire
  • Large catchment population and a key territory for the manufacturers
  • The property comprises a modern purpose built dealership facility comprising 17,548 sq ft (1,630 sq m)
  • Prominent site in a strategic position adjacent to a Tesco Superstore and opposite a Wickes DIY unit
  • Established dealership location with other brands operating in the area including Bentley, Porsche, Audi, Toyota, Ford, Vauxhall, Lexus and Aston Martin
  • Let to the strong covenant of Inchcape Estates Limited (D&B 5A1) until December 2024 providing an unexpired term in excess of 6 years
  • The lease was assigned by VW Group UK Ltd in August 2016 who have total net assets in excess of £717,000,000, providing further security of income
  • Current passing rent of £254,567 per annum, reflecting a sustainable £14.51 per sq ft
  • 5 yearly rent reviews to Open Market Value
  • Strong alternative use residual values, subject to planning
  • Freehold

We are instructed to seek offers in excess of £3,885,000 (Three Million, Eight Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.15%, assuming purchaser’s costs of 6.53%.

  • Located 500 metres from the Intu Metrocentre one of Europe’s largest shopping centres, with easy access to the A1
  • Term certain of 14.8 years (to tenant only break option) and 29.8 years to lease expiry
  • Rent reviews linked to CPI, collared and capped at 1 & 3% per annum compounded
  • Let to the undoubted covenant the Secretary of State for Communities and Local Government & operated by the Driver and Vehicle Standards Agency (DVSA)
  • Recently rebased rent of £150,000 per annum
  • 3.16 acres (1.41 ha ) with only 1.4% site coverage
  • Future asset management opportunities

We are instructed to seek offers in excess of £2.7 million (Two Million, Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive Net Initial Yield of 5.22%, assuming purchaser’s costs at 6.41%.

  • March is a market town in Cambridgeshire, located approximately 20 miles east of Peterborough and 32 miles north of Cambridge
  • The property is prominently located within an established retail cluster, 1.5 miles north west of the town centre
  • Solus retail warehouse unit comprising a total of approximately 25,375 sq ft with 106 car parking spaces, providing ratio of 1:239 sq ft
  • The property is let to B&M Retail Limited with approximately 12 years unexpired
  • Low passing rental level of £155,000 per annum, equating to £6.11 per sq ft
  • The next OMV rent review is due on 23 June 2020, capped at £200,000 per annum and 5 yearly thereafter (uncapped)
  • Freehold

Our client is seeking offers in excess of £2,100,000 (Two Million, One Hundred Thousand Pounds) subject to contract and exclusive VAT.

A purchase at this level reflects an attractive Net Initial Yield of 6.94% assuming purchaser’s costs of 6.3%.

 

  • Glasgow is Scotland’s largest city with an extensive catchment area which forms a key territory for both the manufacturers and dealer network groups
  • State-of-the-art flagship Jaguar and Volvo car dealerships, nearing completion
  • Strategically situated fronting Junction 26 of the M8 Motorway within Hillington Park, an established out-of-town business park and dealership cluster forming a key city gateway location
  • Purpose built dealerships comprising a total GIA of c. 55,219 sq ft (5,130 sq m) on a combined site area of 4.7 acres
  • Jaguar dealership will be let to Bolling Investments Ltd, a wholly owned  subsidiary of Lookers plc, from Practical Completion on a new 20 year lease, with 5 yearly rent reviews linked to the Consumer Price Index (CPI), collared and capped at 1% and 3% per annum
  • Volvo dealership will be let to Volvo Car UK Limited, an established manufacturer covenant with an annual turnover in excess of £1 billion, from Practical Completion on a new 20 year lease, with 5 yearly rent reviews linked to the Retail Price Index (RPI), collared and capped at 2% & 3.5% per annum
  • Total initial passing rent of £740,000 per annum
  • Heritable title

We are instructed to seek offers in excess of £13,935,000 (Thirteen Million, Nine Hundred and Thirty Five Thousand Pounds) for the heritable title, subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 5.00%, assuming purchaser’s costs of 6.23%.

  • A purpose built Drive-Thru restaurant, trading as KFC
  • Prominently located fronting Penn Road and Marston Road
  • Let to the strong covenant of Kentucky Fried Chicken (GB) Ltd for an unexpired term of 12.5 years
  • Established out of town location with surrounding occupiers including Waitrose, Shell, Screwfix and McDonald’s
  • Current passing rent of £91,200 pa (c.£28.50 psf) subject to open market reviews
  • Freehold

We are instructed to seek offers in excess of £1,433,000, (One Million, Four Hundred and Thirty Three Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.00%, assuming purchaser’s costs of 6.07%.

  • Purpose built car dealership in a prime location adjacent to Mercedes-Benz
  • Prominently situated fronting the M4 motorway within the established Cardiff Gate Business Park
  • Located within an extensive catchment area which forms a key territory for both the manufacturers and dealer network groups
  • Modern state of the art facility providing a total of 33,647 sq ft
  • Let to the strong covenant of Volkswagen Group United Kingdom Limited with a net worth in excess of £709m
  • 8.3 years unexpired
  • Large site with an extensive motorway frontage
  • Current passing rent of £519,890 per annum, equating to £15.45 per sq ft
  • 5 yearly rent reviews to Open Market Value
  • Freehold
  • We are instructed to seek offers in excess of £8,500,000 (Eight Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.  A purchase at this level reflects a Net Initial Yield of 5.73%, assuming purchaser’s costs of 6.67%.
  • Prime 5 unit retail parade investment, fully let to established national brands
  • The property is prominently situated in the heart of Filton fronting the busy Gloucester Road North (A38)
  • Freehold
  • Providing 9,023 sq ft of recently developed retail accommodation (scheme completed December 2014)
  • Income secured against Wm Morrison Supermarket plc, Greggs plc, Papa John’s Pizza, Barnardo’s and a local Chinese operator
  • Average term to lease expiry circa 11.3 years, WAULT (to breaks) 9.3 years
  • Total income £167,500 per annum
  • Significant asset management potential

We are instructed to seek offers in excess of £2,300,000 (two million three hundred thousand pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.85% after purchaser’s costs of 6.3%.

  • 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%

  • 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
  • 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
  • High Wycombe is an affluent south east town, with an extensive catchment population of approximately 223,000 (Promis)
  • Highly accessible location being situated on the A404 Marlow Hill, providing direct access to the M40 motorway located 1 mile (1.6km) to the south
  • Prominent town centre site situated adjacent to Buckinghamshire New University and within walking distance of the town centre
  • Solus retail warehouse unit compromising 15,533 sq ft (1,443 sq m) of well configured flexible accommodation together with 93 car parking spaces equating to an excellent ratio of 1:167 per sq ft
  • Let in its entirety to Staples UK Retail Limited until 13 August 2027, with a tenant only break option on 14 August 2022
  • Passing rent of £200,000 with a fixed uplift to £400,000 per annum in February 2015, equating to £25.75 per sq ft. The vendor will top up the rent until February 2015
  • Unrestricted Open A1 planning consent
  • Freehold
  • Strategic town centre site offering future redevelopment potential
  • Towcester is an affluent market town in Northamptonshire
  • Highly accessible location at the intersection of the A5 & A43 providing convenient access to the M1 motorway located 7 miles (11.5km) to the north east
  • Prominent site situated within the only out-of-town retail cluster in the vicinity with Tesco, Aldi and Countrywide all trading in close proximity
  • Modern solus retail warehouse unit comprising 20,959 sq ft (1,947 sq m) with 93 car parking spaces, equating to a ratio of 1:225 per sq ft
  • Let to the strong covenant of B&M Retail Limited (5A1 with Net Worth in excess of £281m) via an assignment from Homebase until 28 September 2028 (an unexpired term in excess of 13.3 years)
  • Passing rent of £272,000 per annum, equating to £12.98 per sq ft
  • Wide bulky good planning consent
  • Freehold
  • 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
  • Reading is one of the principal commerical centres along the M4 corridor with an extensive and affluent primary catchment population of 677,000
  • Prime Foodstore and Leisure investment located on the busy Basingstoke Road (B3031) approximately 2.1 miles (3.4km) south of Reading town centre
  • Established out of town location adjacent to a Morrisons foodstore and in close proximity to Brunel Retail Park where occupiers include Halfords, Pets at Home, 99p Stores, Next, Currys, ScS, B&M, Maplin, Dreams and Laura Ashley
  • Upon Practical Completion the subject property will comprise a Foodstore, Gym and Public House & Restaurant comprising a total of 39,868 sq ft (3,704 sq m) with 200 car parking spaces equating to an excellent ratio of 1:199 sq ft
  • Freehold
  • The property is pre-let to Aldi Stores Limited, Greene King Brewing and Retailing Limited and Pure Gym Limited on new 15 year term certain leases from Practical Completion
  • All leases are subject to 5 yearly rent reviews linked to the Retail Price Index (RPI)
  • 73% of the income is secured against 5A1 covenants
  • Total initial income of £593,800 per annum, equating to a low average rent of £14.89 per sq ft
  • Prime distribution warehouse located within the heart of the ‘Golden Triangle’
  • Situated within Magna Park, Lutterworth, the UK’s premier logistics hub and home to many of the UK’s most recognisable occupiers
  • Modern distribution facility totalling 194,678 sq ft (18,002 sq m)
  • Both companies are wholly owned subsidiaries of Toyota Motor Europe, which in tum is ultimately owned by Toyota Motor Corporation, the world’s largest car manufacturer by production volume
  • Current income of £995,530.20 per annum, equating to £5.11 psf (£55.02 psm)
  • Next review December 2015 with scope for uplift in base rent & regear opportunities
  • The site area is approximately 14 acres of which 10.8 acres are demised to the tenant, and the remaining 3.2 acres is expansion land, the land is directly adjacent to the only remaining development plot at Magna Park which Gazeley are offering design & build developments at £5.95 psf
  • Virtual freehold with 974 years unexpired at a peppercorn rent
  • Prime 6 unit retail parade investment fully let to established national brands
  • Situated on the established Gloucester Business Park adjacent to a substantial Tesco Extra foodstore (with Petrol), Virgin Active Gym & Rackets Club, Brewers Fayre Pub & Premier Inn hotel
  • Virtual freehold – 999 year long leasehold at peppercorn
  • Providing 6,696 sq ft of recently developed retail accommodation
  • Income secured against Costa Coffee, Ladbrokes, Subway, Greggs, Domino’s Pizza & Reflections Hair & Beauty
  • Average term to lease expiry circa 13 years, WAULT 7.5 years
  • Total income £153,859 per annum
  • Opportunity to acquire a portfolio of 14 high-quality Forecourt Convenience Stores underpinned by the Co-Operative Group
  • Prominently located on arterial roads across the country
  • Let to the excellent covenant of Somerfield Stores Limited, with a guarantee from the Co-operative Group Limited (D&B 5A1)
  • Approximately 13.7 years of unexpired income.
  • Producing a total passing rent of £1,930,243 per annum
  • The portfolio is held in an offshore vehicle and a sale of the JPUT will be considered
  • Offers are sought in excess of £30,400,000 (Thirty Million, Four Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 6% after allowing for normal purchaser’s costs of 5.8%
  • Bury St Edmunds is an affluent historic market town and important regional centre in Suffolk
  • Prominent foodstore forward commitment to purchase opportunity
  • New store comprising 1,425 sq m (15,338 sq ft) with 83 car parking spaces (1:185 sq ft)
  • Pre-let to Aldi Stores Limited (5A1) with a Net Worth in excess of £1.3 billion
  • New full repairing and insuring lease from practical completion for a term of 20 years subject to a tenant’s option to determine in Year 15 and a tenant’s option to renew the lease on the same terms for a further 20 years
    Initial passing rent of £250,000 per annum (subject to measurement on PC) equating to a low rent of £16.30 per sq ft (based on the target GIA)
  • 5 yearly upward only rent reviews linked to the Retail Price Index (RPI), capped and collared at 3% and 1% compounded annually
  • Freehold
  • Grimsby is an important commercial and retailing centre in north east Lincolnshire
  • The subject property is prominently located on the A16, Victoria Street, the principal arterial road to Grimsby town centre from the A180
  • Situated within the main retail pitch in the town in close proximity to Victoria Retail Park, Alexandra Retail Park and High Point Retail Park
  • Modern development comprising a well configured foodstore and retail warehouse unit, together with significant dedicated surface car parking
  • The foodstore is let to Tesco Stores Limited via an assignment from Woolworths plc, expiring 6 June 2024, at a passing rent of £1,372,000 per annum (£14.60 per sq ft)
  • The retail warehouse unit is let to Dunelm (Soft Furnishings) Limited via assignment from DSG Retail Limited, for a term of 25 years from 31 March 2004, expiring 30 March 2029, at a passing rent of £189,514 per annum (£13.11 per sq ft). There is a tenant break option on 30 March 2019
  • The property produces a total income of £1,561,514 per annum
  • The property provides a WAULT of 8.3 years (7.1 years to break)
  • Both units benefit from an unrestricted Open A1 planning consent
  • Leeds is the principal financial and retail centre in West Yorkshire with a primary catchment population of 1,480,000 ranking the city 4th of the PROMIS centres
  • Highly accessible and prominent site situated on the busy A64 York Road, one of the principal arterial routes into Leeds city centre from the A1(M)
  • The property comprises a retail warehouse unit of approximately 15,005 sq ft and drive-thru restaurant of 4,170 sq ft, together with 81 car parking spaces, equating to a ratio of 1:236 sq ft
  • Let to the established operators of Halfords (5A1 with a Net Worth in excess of £622m) and Karali Limited (via assignment from Burger King Limited), the largest BK franchisee in the UK
  • WAULT of 8 years
  • Total passing rent of £419,030 per annum
  • Open A1 non-food & A3 consent
  • Freehold