On behalf of private clients, Cooper Rose Real Estate has been instructed to market the Motion Portfolio - three petrol station investments in Bristol, Newcastle-under-Lyme and Peterborough with fixed rental increases
• Located in affluent areas on major arterial routes with excellent roadside prominence
• Let to or guaranteed by the excellent covenants of Rontec Properties (No. 4) Limited, Rontec Roadside Retail Limited, Co-operative Foodstores Limited and Co-operative Group Food Limited
• WAULT of approximately 16.9 years to expiry and 14 years to breaks
• Total GIA 10,404 sq ft (966.5 sq m)
• Total site area 3.95 acres (1.6 hectares)
• Total rental income of £585,875 per annum
• We are seeking offers in excess of £10,500,000, subject to contract and exclusive of VAT
• A purchase as this level reflects a Net Initial Yield of 5.22%, assuming purchaser’s costs of 6.80% and provides the following yield profile:
2024 - 5.50%
2029 - 5.86%
2034 - 6.27%
Contact Ben Rose or Sammy Whittaker
