Acting on behalf of Wesleyan Assurance Society MK2 Real Estate has successfully advised on the acquisition of the prominent freehold Car Dealership investment located at Europa Way in Warwick.
The three buildings extend to approximately 38,200 sq ft and are let to Sytner Group Limited for a further 6 years with the rent increasing in 2017 to £766,104 pa. The purchase price was £8,900,000 reflecting a guaranteed reversionary yield in excess of 8.00% with significant asset management opportunities in the medium to long term.
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