ON THE INSTRUCTIONS OF THE JOINT FIXED CHARGED RECEIVERS HONDA HALESOWEN DUDLEY ROAD, WEST MIDLANDS, B63 3NS
LONG INCOME CAR SHOWROOM INVESTMENT OPPORTUNITY
PLEASE NOTE THAT THE TENANTS ARE NO LONGER IN OCCUPATION HONDA HALESOWEN INVESTMENT CONSIDERATIONS DUDLEY ROAD, WEST MIDLANDS, B63 3NS ■■ A modern purpose-built motor dealership in an ■■ Freehold established trading location ■■ A large site area of 0.44 hectares (1.1 acres) with ■■ Let to Honda Motor Europe Limited for a further extensive main road frontage of over 100 metres. 10.5 years. ■■ Prominent site with 23,000 vehicles passing per day.* ■■ The property is let for a term of 25 years from ■■ We are instructed to seek offers in excess of 27th September 2001 at a passing rent of £2,600,000 (Two Million Six Hundred Thousand £223,888 per annum. Pounds), subject to contract and exclusive of VAT. ■■ The rent is subject to five yearly upward only reviews A purchase at this level would reflect a net initial with the next review date being in September 2016. yield of 8.09% assuming purchasers costs of 6.4%.
*Source: Department of Transport LONG INCOME CAR SHOWROOM INVESTMENT OPPORTUNITY
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