Motown Motor Village
Sir Frank Whittle Rd, Derby DE21 4RX
Summary
- Alexander James were instructed by abrdn to sell their LLH interest in a multi-franchise car dealership investment in Derby
- Marques represented included Skoda, Peugeot, Nissan, Renault and a Used Car Centre
- The property was let by way of an FRI lease to Co-operative Group Motors Limited, for a term of 25 years from 1 March 2001 (four years until lease expiry)
- The passing rent was £520,000 per annum
- Vertu occupied the property by way of a sub-lease
- A purchase price of £7,100,000 was achieved reflecting a NIY of 6.87%
- For further information contact Richard Syers