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

January 2020

Pentagon Vauxhall, Peugeot & Renault, Belton Road, Loughborough, LE11 1NE

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The property is located in Loughborough, an affluent university town in Leicestershire, situated 11 miles north of Leicester and 16 miles south of Nottingham.  The property comprises a modern car dealership investment in Loughborough’s prime car showroom and commercial location fronting onto A6004 Belton Road, with over 17,400 vehicles passing the property daily.  Occupiers along Belton Road include Mercedes, VW, Ford, Kia and Toyota dealerships as well as Aldi, B&Q, Wickes, Toolstation & Home Bargains.  The property extends to 15,277 sq.ft on a site of 1.42 acres and is let to the strong covenant of Motus Group (UK) Ltd for a term of 15 years expiring in September 2034 with a break option in September 2029, providing an unexpired term of 9.75 years.  Total passing rent of £165,000 per annum, reflecting a low overall rent of £10.80 per sq.ft.  Offers sought in excess of £2,215,000 which reflects a net initial yield of 7.01%.