Retail premises for sale in London Road, Spalding PE11

Offers in region of £2,350,000 (£385.35/sq. ft)
Interested in this property? Call +44 20 4559 0084 * or Request Details

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Retail premises for sale

6,098 sq. ft*

Property features

  • Freehold prime service station
  • Cpi-linked rent reviews
  • 20-Year Fri lease
  • The site trades 24 hours a day
  • A population of approximately 34,000 residents

Property description

• Freehold
• Dense residential location
• Essar-branded re-fuelling forecourt with a Londis-branded shop
• Let to Essar Oil (UK) Limited (£268m net worth) on an Fri lease until March 2044
• Initial annual rent of £195,000 p.a.
• Benefitting from annual cpi 1%-3% uplifts and a five-yearly review to market rental value (if higher)
• Site extends to approximately 0.14 acres
• The site trades 24 hours a day, seven days a week
• Globally the Essar Group has a net worth of $8 Billion
• Spalding is a popular market town and the county town of Rutland
• The town has a resident population of 34,000

Please contact us or our joint agents for further information.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Prideview Group, HA7 on +44 20 4559 0084 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Prideview Group, and do not constitute property particulars. Please contact Prideview Group for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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