HONDA MOTOR EUROPE LIMITED – 778-780 CHESTER ROAD, MANCHESTER M32 0QL

SOLD

Details

Sale of a car dealership

• A recently developed Honda car dealership serving the Manchester conurbation.
• The property occupies a prime arterial location fronting the A56.
• The entire property is let to Honda Motor Europe Ltd until April 2031 (16.5 years unexpired).
• All rent reviews incorporate a minimum uplift based on 2.5% per annum compounded.
• OIEO £5.08m, stc, to show a NIY of 5.3% rising to 6% in April 2016

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