Basic Facts
Property ID:
15315
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Brochure Link:
Click Here
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Post Updated:
2022-11-15 10:27:28
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Status:
Sold
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Type:
Retail - other
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Tenure:
Freehold
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Area:
0.54 acres
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Gross Rent:
£ 40,000
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Lease Term:
20 years from 12th September 2022
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Lease Term Expiry Date:
12/09/42
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Years left on Lease:
18.4
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VAT applicable:
Yes (TOGC Available)
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Property Description
- Freehold, service station in Huntingdon
- Total site area is 0.54 acres
Location Description
- Huntingdon in Peterborough
- Located opposite to a B&M who moved on site less than 6 years ago
Tenancy & Additional Notes
- Let to Essar Oil (UK) Ltd for 20 years from September 2021. Break in 17th year for £40,000 p.a.
- Review mechanism: RPI collar and cap 1-3% respectively
- Tenant profile: Global net worth of Essar is several billion pounds as they have a group company
- Essar Oil UK has a net worth of £209m as of 2021
Features
£500k - £1m
Blue-chip tenant
Lease term > 15 years