Instructions
HYUNDAI, BYD AND CINCH, BIRCHOLT ROAD, MAIDSTONE
FOR SALE
Disposal of a car dealership investment.
- Maidstone is the dominant commercial centre in Kent, being the county town and having a resident population of 184,200.
- The property is situated on the Parkwood estate, recognised as one of the leading motor trade and industrial locations in the town.
- The property comprises a modern car dealership facility capable of either single or multi franchise occupation, on a large regular site of 2.18 acres.
- Neighbouring occupiers in the immediate vicinity include Mercedes-Benz, Nissan, Peugeot and Motorpoint, together with a recently developed Aldi supermarket.
- Let to Marshall Motor Group Ltd (Experian rating score of 100 Very Low Risk), trading as Hyundai, BYD and Cinch.
- Unexpired lease term of 16.5 years, incorporating 5 yearly RPI based rent reviews between 1.5% pa and 4% pa.
- Passing rent of £523,184.57 pa (£16.90 psf), forecast to rise to £636,534 pa (£20.56 psf) in September 2026.
- OIEO £7,460,000, STC, for the long leasehold interest to show a NIY of 8% off the September 2026 topped up rent.