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Rybrook Rolls-Royce & McLaren 2635 Stratford Rd 14,727 sq ft Retail Property Hockley Heath B94 5NH £5,000,000 (£339.51/sq ft) 6.70% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Strategic location within one of the most affluent areas of the UK
- Substantial property totalling 14,727 sq ft
- Prime car dealership developed in 2011
EXECUTIVE SUMMARY
- Let to Rybrook Ltd, guaranteed by Rybrook Holdings Ltd
- Lease expiry: 27 November 2036
- Five yearly upward only rent reviews fixed to 2.5% per annum compounded
- D&B rating of A-92, indicating ‘Very Low Risk’
- Freehold
- Current Income: £356,335 per annum
- Price: £5,000,000 subject to contract and exclusive of VAT
- Net Initial Yield: 6.7%
- Lease expiry: 27 November 2036
- Five yearly upward only rent reviews fixed to 2.5% per annum compounded
- D&B rating of A-92, indicating ‘Very Low Risk’
- Freehold
- Current Income: £356,335 per annum
- Price: £5,000,000 subject to contract and exclusive of VAT
- Net Initial Yield: 6.7%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
14,727 sq ft
Costar Property Class
B
Year Built
2011
Price
£5,000,000
Price per sq ft
£339.51
Yield
6.70%
NOI
£335,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.48
Total Plot Size
0.71 ac
Parking
34 Spaces (2.3 Spaces per 1,000 sq ft Leased)
Frontage
140 ft on Statford Rd
AMENITIES
- Bus Route
- Dedicated Turn Lane
- EPC - C
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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Rybrook Rolls-Royce & McLaren | 2635 Stratford Rd
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