Offers over
£2,700,000
(£1,348.84/sq. ft)
Industrial for saleRayne Road, Braintree CM7
3,539 sq. ft
Sold STC
About this property
Sold - freehold investment
Sold - Applegreen branded forecourt with Londis convenience store and Subway franchise.
Let to eg On The Move 2 Limited, guaranteed by Appelgreen Plc, until March 2039 with a tenant only break option in March 2034.
Current passing rent of £187,000 per annum rising to a maximum of £205,700 per annum in March 2029.
Offers in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds), subject to contract, for the freehold interest.
A purchase at this level reflects a Net Initial Yield of 6.51%, rising to a maximum of 7.16% in 2029, subject to purchaser’s costs of 6.50%.
Let to eg On The Move 2 Limited, guaranteed by Appelgreen Plc, until March 2039 with a tenant only break option in March 2034.
Current passing rent of £187,000 per annum rising to a maximum of £205,700 per annum in March 2029.
Offers in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds), subject to contract, for the freehold interest.
A purchase at this level reflects a Net Initial Yield of 6.51%, rising to a maximum of 7.16% in 2029, subject to purchaser’s costs of 6.50%.
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