CRRE Property Advice has been instructed to market this top quality car showroom investment in Worcester - please contact Giles Cooper for more information.
• Strategically located cathedral city in the heart of England with excellent connectivity
• Prominent, modern car showroom constructed in 2003 and subsequently extensively refurbished
• Substantial property totalling 41,122 sq ft on a site of 4 acres
• Let to Sytner Limited until 27 November 2036
• Total current income: £699,715 per annum
• Low passing rent reflecting approximately £17 per sq ft
• Rent reviewed five yearly, fixed to 2.5% per annum compounded
• Price: £10,500,000, subject to contract and exclusive of VAT
• Net Initial Yield: 6.25%, rising to 7.07% in 2028 and 8.00% in 2033
