Property overview

Monte Carlo Portfolio – Manchester Road, Bolton, BL3 2NZ

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£20,000,000
Mar 2022

The property comprises a highly secure, long-income petrol filling station, drive thru, industrial and car dealership investment located in Bolton. The property is prominently situated on Manchester Road, Bolton’s primary trade counter, car dealership and retail warehouse pitch. The property includes a newly developed petrol station, drive-thru food outlet, builder’s merchants and car dealership, with planning obtained for an additional LEON drive thru outlet. Let to the excellent covenants of Euro Garages, McDonald’s, MKM Building Supplies and Volvo.  The average unexpired term of 21.50 years to expiries. The property has a passing rent of £1,090,725 per annum, and 65% of the income is subject to Index-linked rent reviews. The petrol filling station and proposed drive-thru development are 100% underpinned by vacant possession values. Offers sought in excess of £20,000,000, subject to contract, which reflects a net initial yield of 5.11%.