Rontec Daybrook
Mansfield Road, Nottingham NG5 3GF
Summary
- Alexander James were instructed by a private client to sell their long income forecourt investment
- The forecourt was let to Snax 24 Limited with a guarantee from Rontec Roadside Retail Limited
- The investment had a 16.33 year unexpired lease term with annual fixed 2% per annum rent increases
- The vendor topped up the rent on completion to £82,016 per annum (2022 fixed uplift)
- Sale Price – £1.325m (5.84% NIY)
- For further information contact Alastair Coates