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222 Cray Av 15,227 SF Retail Building Orpington BR5 3PZ $6,370,882 ($418.39/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Freehold car dealership in a prominent corner position on Cray Avenue, Orpington, totaling 17,469 sq ft on a 1.27-acre site with 157 parking spaces. Let to Brayleys Cars Ltd with AGA to Honda Motor Europe on a 22-year lease from Oct 2014, with RPI-linked increases. Current rent £316,330 p.a. Offers sought in excess of £4.74M, reflecting 6.25% NIY and a reversionary yield of 7.60% in Oct 2027.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Auto Dealership
Building Size
15,227 SF
Building Class
B
Year Built
2014
Price
$6,370,882
Price Per SF
$418.39
Cap Rate
6.25%
NOI
$398,180
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
1.28 AC
Frontage
183’ on Cray Avenue
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222 Cray Av
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