Instructions
MARSHALL NISSAN, DOWDING WAY, ROYAL TUNBRIDGE WELLS
SOLD
Disposal of a car dealership investment.
- The property is situated in the prime out of town retail and motor trade location in Royal Tunbridge Wells.
- Immediately surrounding the property are dealerships for Audi, Toyota, Lexus, Bentley, Lamborghini, Volkswagen, MG and Hyundai.
- Let to Marshall Motor Group Ltd, Experian rating score of 100 Very Low Risk.
- Unexpired lease term of 17 years, incorporating RPI based rent reviews between 1.5%pa and 4%pa.
- Passing rent of £267,405pa (£18.66psf), forecast to rise to £325,338pa in September 2026.
- Application to Alter received from the Tenant, to refit and rebrand the property to trade as Aston Martin.
- OIEO £4,100,000, subject to contract, to show a net initial yield of 6.12% rising to 7.45% in 2026.