Instructions
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