Sold

Merthyr Tydfil – Forecourt & Convenience Store Investment

Applegreen, Lower High Street, Merthyr Tydfil, CF47 8EB

Offers in excess of £1,825,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
6.02%

Income

£116,679 pa

Description

  • Highly visible petrol filling station located on the main arterial road (A4054).
  • The only PFS in the town centre with 8 pumps and a convenience store.
  • Let to Rochpion Properties (4) LLP, (t/a Applegreen) guaranteed by the excellent covenant of Co-Operative Group Limited (5A1) with a further 8 years to expiry.
  • No Breaks.
  • Current rent passing £116,679 pa subject to fixed annual increases of 2% pa.
  • Annual retail spend in the store of £900,000.
  • Site area of 0.28 acres.
  • Freehold.
  • Offers sought in excess of £1,825,000 (One Million Eight Hundred and Twenty Five Thousand Pounds) subject to the contract and exclusive of VAT.  A purchase at this level reflects a net initial yield of 6.02% assuming purchasers cost of 6.22%.