Cooper Rose has today launched the sale of a prime car dealership investment in Solihull, let to Rybrook Ltd until 2036 with fixed rental increases:
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: £314,949 per annum
Topped-up Income (to 27 November 2023): £356,335 per annum
Price: £6,100,000 subject to contract and exclusive of VAT
Net Initial Yield: Approx. 5.5% based on the 2023 income
The fixed increases within the leases will provide the following yield profile:
2023 £356,335 pa 5.5%
2028 £403,161 pa 6.2%
2033 £456,140 pa 7.0%
Contact Giles Cooper or Ben Rose
