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UNDER OFFER

The Bear Garage, Bath Road, Melksham SN12 8HN

Fixed Price
£900,000

£749.38 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
1,201 sq. ft.
(112 sq. m.)
SECTOR
Petrol station for sale

Key features

  • Comprises a Fuel Station and convenience store, which incorporates a Post Office
  • VAT is applicable to this property
  • Let to Bestway Retail Limited on a lease expiring in 2035 (no breaks)
  • Lease guaranteed by Bestway Wholesale Limited
  • Rent Reviews fixed at 2.5% p.a. compounded every 5 years

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 5.66%
Rental Income: £50,913 p.a.
VAT is applicable to this property
Let to Bestway Retail Limited on a lease expiring in 2035 (no breaks)
Lease guaranteed by Bestway Wholesale Limited
Rent Reviews fixed at 2.5% p.a. compounded every 5 years
Prominent roadside position fronting A365

Property Description:
The property comprises a Fuel Station and convenience store, which incorporates a Post Office, on a roadside site comprising 0.186 Ha (0.46 Acres). The Fuel Forecourt has 8 pump stations under a canopy.

The property provides the following accommodation and dimensions:
Ground Floor: 111.6 sq m (1,201 sq ft)

Tenancy:
The fuel station and convenience store is at present let to Bestway Retail Limited (guaranteed by Bestway Wholesale Limited) for a term of 20 years from 16th February 2015 at a current rent of £50,913 per annum and the lease contains full repairing and insuring covenants. Rent reviews fixed at 2.5% per annum compounded every 5 years. Rent rising to £57,603.80 p.a. in 2025 and £65,173.42 in 2030. There is a sub lease of part granted outside of the security of tenure provisions of the Landlord and Tenant Act 1954 for a term ending 14 February 2035 and the use is parking of private motor vehicles or for the sale and display of motor vehicles.

Location:
Melksham is an attractive Wiltshire market town, located 11 miles east of Bath and 6 miles south of Chippenham. Melksham is situated on the A350, which provides access to the M4 Motorway (Junction 17) about 11 miles to the north. The property is located approximately 4.5 miles north west of Melksham in the village of Atworth. The property is situated on the south side of Bath Road (A365), close to its junction with Bradford Road.

Brochures

The Bear Garage, Bath Road, Melksham SN12 8HN

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Melksham Station2.5 miles
  • Bradford-on-Avon Station4.0 miles
  • Avoncliff Station5.1 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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Notes

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Disclaimer - Property reference Atworth. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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