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Rybrook Rolls-Royce & McLaren 2635 Stratford Rd

14,727 SF Retail Building Hockley Heath B94 5NH £5,000,000 (£340/SF) 6.70% Net Initial Yield

Investment Highlights

  • Strategic location within one of the most affluent areas of the UK
  • Substantial property totalling 14,727 sq ft
  • Prime car dealership developed in 2011

Executive Summary

- Let to Rybrook Ltd, guaranteed by Rybrook Holdings Ltd
- Lease expiry: 27 November 2036
- Five yearly upward only rent reviews fixed to 2.5% per annum compounded
- D&B rating of A-92, indicating ‘Very Low Risk’
- Freehold
- Current Income: £356,335 per annum
- Price: £5,000,000 subject to contract and exclusive of VAT
- Net Initial Yield: 6.7%

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
14,727 SF
Building Class
B
Year Built
2011
Price
£5,000,000
Price Per SF
£340
Net Initial Yield
6.70%
NOI
£335,000
Tenancy
Single
Number of Floors
2
Building FAR
0.48
Lot Size
0.71 AC
Parking
34 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
140 ft on Statford Rd

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • EPC - C
  • Roller Shutters
  • Storage Space

Nearby Major Retailers

The Co-operative Food
Miller & Carter
  • Listing ID: 30280461

  • Date on Market: 05/12/2023

  • Last Updated:

  • Address: 2635 Stratford Rd, Hockley Heath B94 5NH

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