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IMO Car Wash, WHITSTABLE CT5 3JE

Type
Investment, Roadside
Size
2,906 sq ft (270 sq m)
Tenure
Freehold
Price
Offers Over £825,000

2,906 sq ft on 0.47 acres. Prominent roadside site with good road connections to London. Adjacent KFC & McDonald's drive-thru's, a Marston pub and opposite a Costa Coffee drive-thru. Leased to Anduff Car Wash Ltd with approx.16yrs unexpired, first break in 2036. Passing rent of £55,000 pa with 5 yearly CPI reviews capped and collared. Offers in excess of £825,000 excl. of VAT, reflecting a NIY of 6.32% (allowing for purchaser's costs at 5.53%) [TOGC].

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