Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

February 2019

Formula One Autocentres, Adcock Road, Coalville, Leicestershire, LE67 3NU

Screenshot 2019-02-01 at 10.56.57

under offer

The property is located 1 mile north of Coalville town centre, 4 miles from J22 M1 and 3 miles from J13 A42/M42.  The property comprises a newly refurbished roadside unit extending to 7,933 sq.ft and benefits from 32 car parking spaces on a site of 0.56 acres.  The property is let to Formula One Auto Centres Ltd on a new 15 year lease at a passing rent of £65,000 per annum.  Offers sought in excess of £1,070,000 reflecting an attractive net initial yield of 5.74% assuming costs of 5.82%.