8 – 10 High Street, Somercotes, DE55 4HD

Property Information

• Detached automotive workshop premises with large yard area
• Situated on a visible roadside position prominently on High Steet, Somercotes
• Let to Easy Autocentres Ltd (a subsidiary of the Goodyear Tire & Rubber Company)
• Let on a 10 year lease from October 2024 with a break clause in January 2029
• Producing £25,500 per annum (£6.50 per ft²) below ERV of £9.00 per ft²
• Price £400,000 reflecting a net initial yield of 6.14% & reversionary yield of 8.42%

Reference No: 11866