FROSTS (CARS) LIMITED, CHICHESTER BY-PASS (A27), CHICHESTER
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.
- Seeking offers in excess of £2,250,000.
- Attractive net initial yield of 6.53% rising to a minimum 7.3% in 2021.