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Rybrook Cars Sealand Rd 11,638 sq ft Retail Property Chester CH1 4PH £4,100,000 (£352.29/sq ft) 6.22% Net Initial Yield
Executive Summary
HIGH SPECIFICATION FREEHOLD CAR DEALERSHIP INVESTMENT
Substantial property totaling 11,638 sq ft (13,584 sq ft post tenant’s works) on a site of 1.55 acres. Price: £4,100,000, subject to contract and exclusive of VAT. Net Initial Yield: 6.22%, rising to 7.04% in 2028 and 8.00% in 2033. Total current income: £271,754 per annum.
Substantial property totaling 11,638 sq ft (13,584 sq ft post tenant’s works) on a site of 1.55 acres. Price: £4,100,000, subject to contract and exclusive of VAT. Net Initial Yield: 6.22%, rising to 7.04% in 2028 and 8.00% in 2033. Total current income: £271,754 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
11,638 sq ft
Costar Property Class
B
Year Built/Renovated
2000/2018
Price
£4,100,000
Price per sq ft
£352.29
Yield
6.22%
NOI
£255,020
Tenancy
Single
Number of Floors
1
Plot ratio
0.18
Total Plot Size
1.53 ac
Parking
60 Spaces (4.67 Spaces per 1,000 sq ft Leased)
Frontage
134 ft on Sealand Rd
1 1
Nearby Major Retailers
1 of 4
Videos
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Rybrook Cars | Sealand Rd
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