Volvo, Manchester Road, Bolton, BL3 2NZ
under offer

£4,800,000
Oct 2024
Please see below a summary of the above highly secure, long-income car dealership investment located in Bolton.
- Prominently situated on Manchester Road, Bolton’s primary trade counter, car dealership and retail warehouse pitch
- Occupiers on Manchester Road including Porsche, Audi, Renault, Nissan, MKM, EG Group, McDonalds and Lidl
- Modern flagship Volvo car dealership extending to 21,427 sq.ft on a large site of 2.30 acres.
- Let to the very strong covenant Volvo Car UK Ltd
- 16.9 years unexpired
- Passing rent of £320,000 per annum
- 5 yearly reviews to RPI collared at 1.5% and capped at 3.5% per annum compounded
We are instructed to seek offers in excess of £4,800,000 (Four Million Eight Hundred Thousand Pounds), subject to contract, which reflects a net initial yield of 6.26%, after purchaser’s costs of 6.59%.
Based on RPI to date since lease commencement and assuming 3% per annum for the remaining term, the above price reflects the following reversionary profile:
- 2026 – 7.36%
- 2031 – 8.535
- 2036 – 9.89%