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Rybrook Rolls-Royce & McLaren 2635 Stratford Rd 14,727 SF Retail Building Hockley Heath B94 5NH $6,837,139 ($464.26/SF) 6.70% Cap Rate
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%
- 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
$6,837,139
Price Per SF
$464.26
Cap Rate
6.70%
NOI
$458,088
Tenancy
Single
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.71 AC
Parking
34 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
140’ on Statford Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Energy Performance Rating - C
- Automatic Blinds
- Storage Space
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Nearby Major Retailers
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Rybrook Rolls-Royce & McLaren | 2635 Stratford Rd
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