Perrys Motor Sales Limited, Skimpot Road, Luton LU4 0DN

Perrys Motor Sales Limited, Skimpot Road, Luton LU4 0DN

• Attractive car dealership
• Total floor area GIA 1,546.82 sq m (16,650 sq ft) over lower ground, mezzanine and ground floors
• Let to Perrys Motor Sales Ltd (D&B 5A1) for a term of 25 years from 29th September 1999
• In excess of 10 years unexpired
• The lease is subject to 5 yearly upward only rent reviews with the next review due in September 2019
• Current rent is £308,225 per annum

We are instructed to seek offers in excess of £3,800,000 reflecting a net initial yield of 7.67% subject to contract, for the freehold interest

Property contacts

Jonathan Martyr

Partner

T +44 20 7747 0123M +44 7787 533 996

Similar properties

Prologis Park Eastman, Hemel Hempstead

138,696 Sq. Ft.
Disposal

Leven Road, Poplar

111,358 sq. ft.
Leasing

Cork Street, Mayfair

1,900 sq. ft.
Rent Review

MX Park, Maple Cross

8 Acres
Acquisition

Roman Industrial Estate, Croydon

1,320 Sq. Ft.
Leasing

Falcon Business Centre, Mitcham

3,399 Sq. Ft.
Leasing

Airbourne House, Watford

10,500 sq. ft.
Rent Review

Battersea Business Park, Battersea

8,610 Sq. Ft.
Leasing

Garden Studios, Park Royal

62,000 Sq. Ft.
Acquisition