Property overview

Monte Carlo Portfolio – Hadley Trade Park, Silkin Way, Telford, TF1 6QJ

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Mar 2022

The property comprises a modern petrol filling station, drive-thru food outlet and trade park investment, located in Telford, Shropshire’s largest town. The property is situated close to Hortonwood Industrial Estate, Telford’s most established commercial location. The property includes a newly developed petrol filling station, drive-thru food outlet and six unit trade park on a site of 4.04 acres. Let to the excellent covenants of Euro Garages, Screwfix, Howdens, Brewers, and UK Storage Company, with an average unexpired term of 17.97 to breaks and 21.76 to expiries. The Euro Garages income has indexed links reviews to RPI, collared at 2% and capped at 4% per annum compounded. The total passing rent is £325,795 per annum. Petrol filling station and drive-thru are 100% underpinned by vacant possession values. Offers sought in excess of £6,650,000, subject to contract, which reflects a net initial yield of 4.59%.