Instructions

Investment

FROSTS (CARS) LIMITED, CHICHESTER BY-PASS (A27), CHICHESTER

SOLD

Details:

Freehold motor trade investment.

  • Chichester is an affluent commercial centre with excellent road communications being situated immediately north of the A27 dual carriageway.
  • The property has excellent prominence fronting the A27, the prime location for out of town retailers.
  • Let to Frosts (Cars) Limited, a long established Sussex motor retailer.
  • Unexpired lease term of 9.25 years without break.
  • The passing rent of £156,151pa (£12.81psf) is subject to a minimum uplift in 2021 to £174,526pa.
  • Freehold.
  • Seeking offers in excess of £2,250,000.
  • Attractive net initial yield of 6.53% rising to a minimum 7.3% in 2021.

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