Investment Summary

National Tyre Service Ltd, Oakfield Road, Altrincham WA15 8ES

  • Prime long let roadside investment
  • Located in an affluent town adjacent to a major development site
  • 5,141 sq ft on a site of 0.52 acres
  • Let to National Tyre Service Limited
  • D&B 3A1 (T: £127.4m / PTP: £5.77m / NW: £12.17m)
  • 20-year FRI lease expiring 12th August 2034 (16.5 years unexpired)
  • Low passing rent of £40,000 per annum (£7.78 psf)
  • 5 yearly OMRV reviews (next review 12th August 2019)
  • Reversionary to circa £46,000 per annum (£9.00 psf)
  • Long Leasehold rent of £5,000 per annum (Freeholder - Trafford Borough Council)
  • Seeking offers in excess of £515,000 (STC)
  • 6.50% Net Initial Yield
  • 7.61% Reversionary Yield
  • Low capital value of £100 psf or just £990k per acre
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