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Enterprise Rent-A-Car Winterstoke Rd

2,516 SF 100% Leased Retail Building Weston Super Mare BS23 3YB $1,625,619 CAD ($646 CAD/SF) 6.94% Cap Rate

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Investment Highlights

Site measuring 0.88 acres
Single-let to Enterprise Rent-A-Car UK Limited on a 20-year lease expiring 16th March 2041 (16.5 years unexpired)

Prominent location fronting Winterstoke Road, approx. 0.5 miles from Weston-super-Mare town centre

Executive Summary

Offers are sought in excess of £900,000 (Nine hundred thousand pounds) reflecting a net initial yield of 6.94% assuming standard purchaser’s costs at 5.63%.
A purchase at this level would reflect a reversionary yield of 8.39% at review in 2026 (based on clocked up RPI growth to date plus forecast RPI growth at 3%pa).

INVESTMENT ENTERPRISE CAR HIRE WSM FINAL