Offers over
£4,100,000
(£399.03/sq. ft)
Retail premises for saleGreat North Road, Rutland LE15
10,275 sq. ft
Just added
About this property
• Located 14 miles south of Grantham and 22 miles north of Peterborough
• Situated adjacent to Northbound carriageway of A1 Great North Road
• Annual Average Daily Flow 44,702 vehicles (A1 Northbound 2025)
• Comprising 2 Drive Thru and 2 Drive To units
• EPC Ratings A and A+
• Tenants include Costa Ltd, Blank Table Ltd t/a Wendy's and Loungers UK Ltd t/a Brightside
• All rents subject to 5 yearly, rpi linked rent reviews with caps and collars
• 1 vacant Drive To unit with Estimated Rental Value of £22,500 pa
• Conditional terms agreed with EV operator Believ Ltd at initial rent of £24,000 pa
• Total Contracted Rent £340,000 pa
• Seeking offers in excess of £4,100,000 subject to contract and exclusive of VAT.
• Net Initial Yield 7.78% (after purchaser's costs of 6.56%)
• Reversionary Yield of 8.85% on letting vacant unit and EV Bays (after purchaser's costs of 6.56%)
• Please note Finance may be available.
• Situated adjacent to Northbound carriageway of A1 Great North Road
• Annual Average Daily Flow 44,702 vehicles (A1 Northbound 2025)
• Comprising 2 Drive Thru and 2 Drive To units
• EPC Ratings A and A+
• Tenants include Costa Ltd, Blank Table Ltd t/a Wendy's and Loungers UK Ltd t/a Brightside
• All rents subject to 5 yearly, rpi linked rent reviews with caps and collars
• 1 vacant Drive To unit with Estimated Rental Value of £22,500 pa
• Conditional terms agreed with EV operator Believ Ltd at initial rent of £24,000 pa
• Total Contracted Rent £340,000 pa
• Seeking offers in excess of £4,100,000 subject to contract and exclusive of VAT.
• Net Initial Yield 7.78% (after purchaser's costs of 6.56%)
• Reversionary Yield of 8.85% on letting vacant unit and EV Bays (after purchaser's costs of 6.56%)
• Please note Finance may be available.
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