8 – 10 High Street, Somercotes, DE55 4HD
Income producing garage investment opportunity in Somercotes
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362m² (3,903ft²)
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Detached automotive workshop premises with large yard area |
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Situated on a visible roadside position prominently on High Steet, Somercotes |
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Let to Easy Autocentres Ltd (a subsidiary of the Goodyear Tire & Rubber Company) |
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Let on a 10 year lease from October 2024 with a break clause in January 2029 |
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Producing £25,500 per annum (£6.50 per ft²) below ERV of £9.00 per ft² |
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Price £400,000 reflecting a net initial yield of 6.14% & reversionary yield of 8.42% |
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Find out more
For more details and to arrange a viewing
contact our specialist agents: |
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