Petrol Forecourt Investment Portfolio

Cewkerne, Temple Cloud, Melksham, Exeter & Sherborne,

Available

Property Type Investment
Availability For Sale
Size 0.26 - 0.46 acres
Energy Performance Rating N/A

5 strategically located fuel forecourt and convenience stores, in a highly popular sector, in the South of England.


LOCATION

See Marketing Brochure for Locations

KEY POINTS

  • 5 Dominant Forecourt Convenience Stores
  • Prominent and popular Convenience stores providing services to the local and loyal catchment
  • Established Forecourts occupying strategic roadside locations, with direct access to key arterial roads and motorways
  • Total Effective Rent of £313,965 per annum, subject to rental top-ups
  • Average term of 15.8 years unexpired, without break to the highly sought after covenant of Bestway Retail Ltd
  • FRI leases guaranteed by the covenant of Bestway Wholesale Ltd, part of Bestway Group, largest independent wholesaler in the UK
  • All FRI leases are subject to five yearly rent reviews, with all benefitting from fixed increases throughout the term
  • Stores and Forecourts host nationally recognisable brands inc. Central Stores, The Post Office, Costa Coffee & Texaco
  • Net Initial Yield of 6%
  • Offers in excess of £4,900,000

An excellent opportunity to buy 5 strategically located fuel forecourt and convenience stores, in a highly popular sector, in the south of England secured to an excellent covenant for an average unexpired term of 15.8 years, without break. The leases all have 5 yearly rent reviews, which are all fixed on the 10th anniversaries and 15th anniversaries. All of the units trade from established densely populated locations and serve a loyal customer base.

VAT

The transaction will be treated as a transfer of a going concern (TOGC).

EPC

Further information is available on request.

AML

A successful bidder will be required to provide the usual informaton to satisfy the AML requirements when Heads of Terms are agreed.

PROPOSAL

We are instructed to seek offers in excess of £4,900,000 (Four Million, Nine Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level provides a Net Initial Yield of 6.00%, which will rise from 2024 in accordance with the fixed rental increases and will reflect the following year end reversionary yield profile:

2024 6.35%
2025 6.67%
2027 6.80%

Please see Marketing Brochure for further information.

< Back to properties VIEW SHORTLIST Download 5 Star Portfolio Marketing Brochure

Viewing & Further Information

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

Michael Braier

020 7478 9112

CONTACT AGENT


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