Crackmore Service Station

Sherborne, DT9 5AU

Property Type Investment
Availability For Sale
Size 921 - 3688 sqft
Energy Performance Rating N/A

Freehold Forecourt Convenience Investment Opportunity


LOCATION

Milborne Port is an affluent historic village in the south Somerset area, 8 miles (12.9 km) east of Yeovil and 2.8 miles (4.5 km) east of Sherborne. The village is a popular residential location and is expanding with the ongoing development of 46 new homes on land opposite the property. The property is situated on the south side of the A30 Sherborne Road, on the junction with Goathill Road, at the western end of the village. The A30 is a busy local and tourist route that links London with Yeovil, Exeter and Penzance and the stretch between Milborne Port and Sherborne carries an average of approximately 10,000 vehicle movements per day (DfT estimate 2019).

KEY POINTS

  • Freehold convenience forecourt investment in an attractive residential location
  • Situated on the busy A30 route to Exeter
  • 0.34 acre site with a two pump forecourt, 1,208 sq ft convenience store and 1,559 sq ft garage workshop
  • Producing an income of £50,913 pa (topped up until 21st June 2022) Tenant has impeccable rent payment history
  • Let to Bestway Retail Ltd (garage workshop sub-let)
  • Guarantee from Bestway Wholesale Ltd
  • 16 years unexpired lease term
  • Five yearly rent reviews fixed at a 2.5% pa compound increase
  • Net initial yield 6.03%
  • Offers in excess of £800,000
The forecourt has two pump islands, with four filling positions, set below a canopy with a 4.0 metre clearance. The convenience store has a Gross Internal Area of 1,208 sq ft (112.3 sqm), of which 921 sq ft (85.6 sqm) is sales area. The store draws additional custom from Post Office counter services, as well an ATM and Costa Express and trades from 6am to 10pm daily. A garage workshop is situated adjacent to the convenience store, providing four maintenance bays with a total Gross Internal Area of 1,559 sq ft (144.8 sqm). The site has an area of 0.34 acres (0.14 hectares) and includes customer parking spaces for both the convenience store and the garage workshop.
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Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Nick Sherling

020 7478 9113

CONTACT AGENT


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