Forecourt & Convenience Retail Investment
Shell Stacey Bushes
H3 Monks Way, Stacey Bushes, Milton Keynes MK12 6HU
Investment Summary
- Well-positioned Shell fuel forecourt and convenience store on a large site of just under an acre
- Milton Keynes has a population of 287,000 and is home to a number of major national and international companies
- Prime commercial and trade park location with surrounding occupiers including a Lexus dealership, KFC, Screwfix, HSL and Toolstation
- Let to Shell U.K. Limited (£2.51bn net worth) for a term certain in excess of 13 years
- Passing rent of £152,676.85 per annum subject to five-yearly indexed uplifts based on RPI with an annual collar of 1% and cap of 3%
- We are seeking offers in excess of £2,300,000 (Two Million Three Hundred Thousand Pounds), reflecting a Net Initial Yield of 6.24%(assuming purchaser’s costs of 6.34%).