Co-Op PFS, Locking Service Station, Locking Moor Road, Locking, Weston-Super-Mare BS24 7BE
Weston-super-Mare, BS24 8EL
Sold
Price
£4,850,000
Rent (pa)
£240,000
Yield
4.75%
Investment Summary
- Prime petrol filling station and convenience store investment
- Excellent location on A371 (Locking Moor Road) serving as the main food and fuel for Locking and surrounding residential area
- 6,500 new homes being built within 1 mile of the subject property over the next 10 years
- Large site of 0.37 acres (0.15 hectares)
- Fully refurbished petrol station with new tanking system. Co-op’s latest ‘blue’ trading format.
- Convenience store element extending to 4,250 sq ft with 14 customer bays (including 1 accessible bays) and 3 staff bays
- Let to Co-operative Group Food Limited
- 20 years from store opening without break
- Initial rent of just £240,000 per annum
- 5 yearly upward only rent reviews linked to CPI (1%-3% collar and cap)
- £4,850,000
- 4.75% Net Initial Yield
Interested in this property?
Contact our team for more information or speak directly with Daniel Campbell.
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