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Perrys Motor Sales Limited, Skimpot Road, Luton LU4 0DN

Perrys Motor Sales Limited, Skimpot Road, Luton LU4 0DN

Perrys Motor Sales Limited, Skimpot Road, Luton LU4 0DN

• Attractive car dealership
• Total floor area GIA 1,546.82 sq m (16,650 sq ft) over  lower ground, mezzanine and ground floors
• Let to Perrys Motor Sales Ltd (D&B 5A1) for a term of 25 years from 29th September 1999
• In excess of 10 years unexpired
• The lease is subject to 5 yearly upward only rent reviews with the next review due in September 2019
• Current rent is £308,225 per annum

We are instructed to seek offers in excess of £3,800,000 reflecting a net initial yield of 7.67% subject to contract, for the freehold interest

Property type:
Investment/Development
Tenure:

Freehold

Lease:

Let to Perrys Motor Sales Ltd (D&B 5A1) for a term of 25 years from 29th September 1999

Rent:

£308,225 per annum

Price:

£3,800,000

Yield:

7.67%

FLOOR
STATUS
Sq Ft
Sq M