Applegreen Reading
The Square, Chalfont Way, Lower Earley, Reading, Berkshire RG6 5HJ
Summary
- Alexander James acquired the investment for a private client
- Fuel filling station and convenience retail unit
- The forecourt was let to Petrogas Group UK Limited
- The investment had a 12 year term certain with 17 years until lease expiry and a five-yearly RPI rent review subject to a minimum/maximum increase of 5%/15% with the next rent review due in May 2023
- Passing rent of £180,000 per annum
- Purchase Price – £2.82m (6.00% NIY)
- For further information contact Alastair Coates