Offers in excess of £3,600,000, subject to contract and exclusive of vat, for the freehold interest which reflects a net initial yield of 8% after deduction of purchasers costs of 6.73%.
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Property facts for Perrys Car Dealership, Luton
The subject property was built in 1999 and comprises a purpose built car dealership with prominent, glazed elevations onto Skimpot Road.
The ground floor is double height and comprises the showroom area with adjoining offices. The lower ground floor comprises an 8 bay workshop and parts department, together with further ancillary offices and staff accommodation. The mezzanine level provides offices overlooking the ground floor showroom, together with plant accommodation. The property has an extensive forecourt area providing display car parking for approximately 45 vehicles. Additionally, to the side and rear of the property there is customer and service parking for 37 vehicles, with a further 21 spaces in a secure compound at the rear of the workshop. Within the car display area is a small electricity sub-station.
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