Investment opportunity comprising a garage / MOT service centre let for 7.5 years
Let to Mark Anthony Taylor t/a Station Service Centre on a 7.5 year lease from 5 September 2019
The current rent passing is £20,800 per annum.
There is an open market rent review every 3rd year
Ideal SIPP Investment
The property is held freehold
Long term redevelopment opportunity – previous interest from Tesco
Offers are sought in excess of £270,000 (Two Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect
an attractive net initial yield of 7.50%, assuming purchaser's costs of 2.90%
