Instructions
BIG MOTORING WORLD NATIONAL PREP CENTRE, MORLEY WAY, PETERBOROUGH
FOR SALE
Disposal of a freehold warehouse investment.
- The opportunity is a sale and leaseback to Big Motoring World, one of the UK’s largest car supermarket operators with a nationwide network of locations.
- Peterborough is one of the dominant commercial locations serving the East Midlands and East Anglia.
- The property is situated in an established distribution location with predominantly dual carriageway access to the A1(M).
- The building totals a GIA of 168,737 sq ft on a site of 9.8 acres (38% site cover).
- The property is to be let to Bapchild Motoring World (Kent) Limited on a new 20 year FRI lease at £1,000,000pa (£5.90psf).
- Five yearly rent reviews to the higher of CPI 1%pa to 3.5% pa or OMV capped at 5% pa.
- Seeking offers in excess of £14,280,000, STC and exclusive of VAT, to show a net initial yield of 6.5% and a low capital value of £85psf.