Petrol Stations for sale in Hockley Heath

Commercial Property in Hockley Heath available for sale

Retail Properties for Sale Near the Hockley Heath

More details for 2635 Stratford Rd, Hockley Heath - Retail for Sale

Rybrook Rolls-Royce & McLaren - 2635 Stratford Rd

Hockley Heath, B94 5NH

Retail for Sale
£4,775,000
14,726 sq ft

Energy Performance: C

Hockley Heath Retail for Sale - Solihull

This is an exceptional opportunity to acquire a freehold investment property securely let to Rycliff Cars Limited, part of the Sytner Group Ltd, one of the UK’s largest automotive dealership groups and a subsidiary of Penske Automotive Group. The property is strategically located within Solihull, one of the most desirable and affluent locations in the West Midlands, approximately 10 miles southeast of Birmingham City Centre. Purpose-built in 2011, the property comprises a modern two-story facility designed for high-end automotive retailing. The building features extensive showroom areas and ancillary spaces, with high-quality finishes suited to premium automotive brands. The site benefits from 34 parking spaces, including 14 display bays, enhancing operational functionality. A Full Repairing and Insuring (FRI) lease runs until November 2036, providing over 10 years of unexpired term. The lease incorporates five-yearly upward-only rent reviews, fixed at 2.5% per annum compounded, ensuring steady income growth. Current passing rent stands at £356,336 per annum, with a forecast increase to £456,140 per annum by 2033. This investment offers a robust initial yield of 7%, rising to a guaranteed return of 9%, making it highly attractive to investors seeking resilient long-term income. The property is prominently positioned near the junction of the A34 Stratford Road and Old Warwick Road, offering quick access to the M42 and M40 motorways, ensuring connectivity across the region.