A filling station and a convenience store.
Description
The property includes 8 filling points across 4 pump islands and an automated car wash.
A parking is available for 40 cars.
There is a convenience store, a coffee shop and a fast food restaurant on the territory of the station.
Type of ownership: Freehold.
Financial performance
The cost of the property is 3,800,000 £.
Absolute annual income is 200,000 £.
The current yield of 5.3%.
Tenants
The tenant is a large network of filling stations, numbering more than 240 branches in England and Wales. The net asset value of the company exceeds 60 million pounds.
The lease agreement is valid through 2042 with annual 2% fixed uplifts.
Transaction costs
The brokerage fee is 2%.
Location and nearby infrastructure
The property is located in the West Midlands in the west of England.
