Rontec Petrol Station
Rontec Petrol Station3
Rontec Petrol Station2
Rontec Petrol Station4

Status: Available

Terms: For Sale

Price: OIEO £1,660,000.00

Yield: 5.75%

Esso Rontec Petrol Filling Station, Watling Street, Muckley Corner, Lichfield WS14 0BH

ESSO RONTEC PETROL FILLING STATION

  • Highly accessible location approximately 15 miles (24 km) to the north of Birmingham, at the heart of the UK’s national motorway network, with convenient access to the M6 (Toll), M6, M42 and M1
  • Prominent site on the busy roundabout junction of Watling Road (A5) and Walsall Road (A461)
  • Modern petrol filling station and convenience store comprising approximately 96 sq m (1,033 sq ft) on a 0.61 acre site
  • Let to Rontec Properties (No.4) Limited with a guarantee from Rontec Roadside Retail Limited (Dun & Bradstreet rating 5A1), with a Net Worth in excess of £500m
  • Lease expiring 24 December 2039, without break, providing an unexpired term of approximately 18.75 years
  • Producing an income of £101, 439 per annum (the vendor will top up to June 2021 fixed uplift)
  • Annual 2% fixed rental uplifts thereafter
  • Freehold

We are instructed to seek offers in excess of £1,660,000 (One Million, Six Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 5.75%, assuming purchaser’s costs of 6.16%.

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