TESLA MOTORS – STOCKPORT
Sale of a car dealership investment
- Prominently situated on the A6 midway between Manchester and Stockport.
- Buildings of 15,641 sq ft on a site of 1.18 acres.
- Let to Tesla Motors Ltd on a 15 year lease with 5 and 10 year TBO’s.
- Five yearly rent reviews geared to RPI, in the range of 1% to 3%.
- The rent of £140,000 pa reflects only £8.95 psf overall.
- Offers in excess of £1,765,000, STC, reflecting a NIY of 7.5%.