£400,000
(£102.49/sq. ft)
Property for sale8 - 10 High Street, 8 - 10 High Street, Somercotes DE55
3,903 sq. ft
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About this property
Investment
Income producing garage investment opportunity in Somercotes
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 ftÂ2) below erv of £9.00 per ftÂ2
Price £400,000 reflecting a net initial yield of 6.14% & reversionary yield of 8.42%
Income producing garage investment opportunity in Somercotes
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 ftÂ2) below erv of £9.00 per ftÂ2
Price £400,000 reflecting a net initial yield of 6.14% & reversionary yield of 8.42%
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£2,000 per month
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