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Single Let Roadside Investment Opportunity, Kwik Fit, 12-14 Chester Way, Northwich, CW9 5JT
7,670 Sq Ft / Retail
Withdrawn - Last updated: 17 December 2021
- Highly prominent automotive centre located opposite Waitrose along Chester Way, the primary arterial route through Northwich.
- Purpose build automotive centre extending to 712.66 sq m (7,670 sq ft).
- Low site coverage of 28%.
- Let to the very strong covenant of European Tyre Enterprise Limited (D&B rating of 5A1), trading as Kwik Fit at a low base rent of £50,000 per annum (£6.52 psq ft).
- Over 14.5 years unexpired (over 9.5 years to break). Kwik Fit has been in occupation for 25 years prior to the current lease.
- Offers in excess of £650,000 (Six Hundred and Fifty Thousand Pounds), reflecting a net initial yield of 7.27%, are invited for the freehold interest. This assumes purchaser’s costs of 5.80% and exclusive of VAT.
- Potential future development opportunity (subject to planning).
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