Property overview

Sytner Lexus, Abbey Lane, Leicester, LE4 0DZ

sold

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£3,750,000
Jul 2020

Sale of a modern car dealership investment on behalf of OLIM which was located in a highly prominent position on the A6 just outside Leicester city centre.

 

The property comprises 2 separate facilities, the showroom fronting onto Abbey Lane and then a separate workshop / warehouse to the rear totalling 18,512 sq ft.

 

The property is let to Sytner Properties Ltd with guarantee from Sytner Group Limited for a term of 20 years from 25th December 2003.  The passing rent is £266,633 per annum.

 

The sale price of £3,750,000 reflected a net initial yield of 6.68% after purchaser’s costs of 5.80%.

 

The purchaser was a private investor represented by WHY.

 

View other Roadside & Automotive transactions.

 

St Pauls Office Investments Retail & Retail Warehousing investments