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Retail premises for sale in Rayne Road, Braintree

Investment

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Retail premises for sale

2,150 sq. ft*

Property description

Freehold Applegreen petrol sales forecourt with Londis convenience store and Subway outlet.

Let in its entirety to Petrogas Group UK Limited and guaranteed by Applegreen plc.

20 year lease from 29th March 2019. Tenant option to break at end of the Year 15 (29th March 2034). Term certain in excess of 10 years.

Passing rent £170,000 per annum with five-yearly, upward only rent reviews linked to rpi (subject to increase collar of 105% and cap of 110%). Rent will increase at the first review (29 March 2024) to £187,000 per annum.

Prominent and busy position, fronting Rayne Road (B1256), the main road into Braintree from the west. Site area 0.143 hectares (0.354 acres). Adjacent to Lidl supermarket.

Offers in the region of £2.9M subject to contract.

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dangerfield Property, and do not constitute property particulars. Please contact Dangerfield Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.