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Essar Spalding Service Station London Road Little London

779 SF Retail Building Spalding PE11 2TP £2,125,000 (£2,728/SF) 8.63% Net Initial Yield

Shops & Retail Properties Lincolnshire Spalding London Road Little London, Spalding, PE11 2TP

INVESTMENT HIGHLIGHTS

  • Prime service station located on London Road in Spalding
  • Benefitting from annual CPI 1%-3% uplifts AND a five-yearly review to market rental value (if higher)
  • Let to Essar Oil (UK) Limited (£268m net worth) on an FRI lease until March 2044

EXECUTIVE SUMMARY

Recently leased to Essar Oil (UK) Limited (t/a Essar), one of the few UK oil companies with its own refinery and part of a major conglomerate with a global net worth of approx. $8 billion

ATTACHMENTS

Essar Spalding Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Service Station
Building Size
779 SF
Year Built
1950
Price
£2,125,000
Price Per SF
£2,728
Net Initial Yield
8.63%
NOI
£183,300
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.35 AC
Frontage
77 ft on Little London

LINKS

1 of 1

NEARBY MAJOR RETAILERS

Londis
The Co-operative Food
Heron Foods
Barclays
Iceland
Sainsbury's
Lidl
Prezzo
Puregyms
Santander
+44 1775 668886

CONTACTS

  • Listing ID: 32243155

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: London Road Little London, Spalding PE11 2TP

The Retail Property at London Road Little London, Spalding, PE11 2TP is currently available for sale. Contact Prideview Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBOURHOODS

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London Road Little London, Spalding for sale Primary Photo- Image 1 of 2
Essar Spalding

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Essar Spalding Service Station | London Road Little London
+44 1775 668886 x

Essar Spalding Service Station | London Road Little London

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Pritesh Patel

+44 1775 668886

+44 1775 668886

Sejal Kamani

+44 1775 668886

+44 1775 668886

Priyesh Patel

+44 1775 668886

+44 1775 668886

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