Property overview

Volvo, Bluebell Way, J31a M6, Preston, PR2 5PZ

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£5,115,000
Nov 2021

The property comprises a new build, prime car dealership investment located in the established car dealership area of Preston, 3 miles north east of the city centre.  The property is situated on Bluebell Way, the property occupies an extremely prominent site overlooking Junction 31A of the M6 and adjacent to the new Inchape flagship Jaguar LandRover dealership.  The property extends to 19,375 sq.ft on a site of 1.73 acres.  The property achieved practical completion in January 2020.  Let to the excellent covenants of Rybrook Cars Ltd with a guarantee from Rybrook Holdings Ltd, one of the UK’s largest independent car franchises.  The guarantor has a Dun & Bradstreet rating of 4A1.  The property is let for a term of 20 years from 17 January 2020 with five yearly upward only reviews to the higher of Open Market Value or CPI, collared at 1% and capped at 2.5% per annum compounded.  Offers sought in excess of £5,115,000 which reflects a net initial yield of 5.50%.