Mixed retail and leisure investment adjacent to the 'Heart of the City' project in Sheffield sold jointly with FMX to two seperate buyers for a total price above asking terms. Please contact us if you'd like to discuss similar sales.
Sytner, Audi, Harrogate sold jointly with Rose Realty. If you or your clients would like to invest in car showroom or roadside properties, please contact us.
New sale. Prime roadside retail investment in Redhill, Surrey let to Majestic Wine. Contact Giles Cooper or joint agent Andy Smith for more information.
CRRE Property Advice is delighted to launch the sale of Vindis, Audi, Bedford, a high quality car showroom investment let until 2042 with CPIH rent reviews.
Please contact Giles Cooper for more information.
PFS investment sold on behalf of Fund clients; more required.
Annual Jolly Boys Outing to the Cheltenham Festival. Great to see everyone.
CRRE Property Advice is delighted to bring to the market this top tier car showroom investment in Harrogate, North Yorkshire:
• Prominent modern car showroom constructed in 2005 and extended in 2017
• Substantial property totalling 35,280 sq ft
• Let to Sytner Properties Limited (surety from Sytner Group Limited) until 21 December 2035
• Total current income: £610,046 per annum to be topped up until 22 December 2025 to £690,211 per annum
• Rent reviewed five yearly to RPI (cap 2.5% per annum)
• Price: £9,200,000, subject to contract and exclusive of VAT
• Net Initial Yield: 7% based on the ‘topped-up’ income, rising to an estimated 8% in 2030
Please contact Giles Cooper or joint agents Rose Realty
Car showroom investment sold on behalf of institutional clients; more required.
Great to catch up with some old buddies before Christmas for our annual lunch at @lpmlondon
We are delighted to bring to the market this prestigious car dealership investment in Solihull:
- Strategic location within one of the most affluent areas of the UK
- Prime car dealership developed in 2011
- Substantial property totalling 14,727 sq ft
- Let to Rybrook Ltd, guaranteed by Rybrook Holdings Ltd, until 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%
The fixed increases within the leases will provide the following yield profile:
2028: £403,161 pa - 7.6%
2033: £456,140 pa - 8.6%
Contact Giles Cooper or joint agents Rose Realty
