Property overview

Mitsubishi, Aiscombe Way, Weston Super Mare, BS22 8NA

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The property comprises a prime car dealership constructed in 2006 and extending to 8,620 sq.ft.  The property is let to CCR Motor Co Ltd (trading as Mitsubishi) for a further 6.5 years.  Current rent £117,344 per annum with an uncapped RPI increase in June 2016.  The vendor will top up the rent to the forecasted minimum June 2016 increase of £133,000 per annum.  Offers sought in excess of £1,525,000 which reflects  a net initial yield of 8.22% off the topped up rental level, assuming purchaser’s costs of 5.80%.