Summary Alexander James were instructed by a developer to undertake a marketing exercise on a roadside development site adjacent to a proposed Costa coffee drive-thru and a fuel filling station Following completion of a marketing campaign, Burger King (BKUK Devco Ltd) were selected as the Tenant Alexander James negotiated the lease terms in respect of...
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 16.75 year unexpired lease term and a passing rent of £74,644 per annum with annual fixed 2% p.a. rent...
Summary Alexander James were instructed to represent the Landlord in respect of two outstanding rent reviews dated 7 July 2018 and 7 July 2021 Certas-branded HGV bunkering facility Rental uplifts of circa 16% (2018) and circa 45% (2021) secured for the Landlord from the assumed pre-2018 rent For further information contact Richard Syers
Summary Alexander James were instructed by a private client to secure an off-market forward commitment sale of a new to industry (NTI) trading fuel filling station with convenience store The forecourt was branded Shell and the convenience store Morrison’s Daily A sale was agreed within the required timescales Sale Price – Confidential For further information...
Summary Following originally acquiring the property as an investment for a private client Alexander James undertook a period of asset management A simultaneous lease surrender and operational sale was subsequently agreed with a local buyer Sale Price – confidential For further information contact Richard Syers
Summary Alexander James acquired the investment as a forward commitment for an institutional investor off-market Co-op fuel filling station and convenience retail unit Let to Co-Operative Group Food Limited for 20 years with five-yearly CPI linked uplifts subject to a collar and cap of 1% per annum compounded and 3% per annum compounded respectively Passing...
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...
Summary Alexander James acquired the investment as a forward commitment for an institutional investor off-market Co-op fuel filling station and convenience retail unit Let to Co-Operative Group Food Limited for 20 years with five-yearly CPI linked uplifts subject to a collar and cap of 1% per annum compounded and 3% per annum compounded respectively Passing...
Summary Alexander James acquired the investment for a private client off-market Co-op fuel filling station and convenience retail unit, Greggs drive-to unit and 2 x retail units Combined passing rent of £307,000 per annum (inclusive of rent top up) Purchase Price – Confidential For further information contact Richard Syers
Summary Alexander James secured an off-market leasehold assignment for an independent fuel retailer The forecourt was BP banded and the convenience store Spar branded Valeting and forecourt services were also provided Terms of the assignment remain confidential For further information contact Richard Syers