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More details for 200 Honiton Rd, Exeter - Specialist for Sale

Carbana Car Wash - 200 Honiton Rd

Exeter, EX1 3RU

Specialist for Sale
£907,000
500 sq ft

Exeter Specialist for Sale

The freehold investment is available for purchase, at £907,000 excusive of VAT, reflecting a Net Initial Yield of 7.00% (assuming purchasers’ costs of 5.64%). The site is let to Carbana Ltd for a term of 20 years on a full repairing and insuring basis, commencing 15/10/2024. Carbana Ltd (Company No. 11330514) are rated 59 “Low Risk” on CreditSafe with a net worth of £2,277,412 at 31/12/2024. The lease is subject to a £15,000 rent deposit, and there is a rent review every 5 years to CPI (H) 2% and 4% collar and cap. Following their opening day on the 8th February 2025, the car wash has been very successful, with strong levels of demand both throughout the week and over the weekend.

Contact:

Alder King LLP

Property Subtype:

Car Wash

Date on Market:

03/11/2025

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