Property overview

We have been instructed to market the above modern petrol filling station, drive-thru food outlet and trade park investment, located in Telford, Shropshire’s largest town.  A summary is set out below:

• Situated close to Hortonwood Industrial Estate, Telford’s most established commercial location
• Prominently positioned next to the A442, the main arterial route connecting Telford north and south of the M54 motorway
• Newly developed petrol filling station, drive-thru food outlet and six unit trade park on a site of 4.04 acres
• Let to the excellent covenants of Asda Express Ltd, Screwfix, Howdens, Brewers, and UK Storage Company
• Average unexpired term of 15.38 to breaks and 19.16 to expiries
• Asda Express income has indexed links reviews to RPI, collared at 2% and capped at 4% per annum compounded
• Total passing rent of £325,795 per annum
• Petrol filling station and drive-thru are 100% underpinned by vacant possession values

We are instructed to seek offers in excess of £5,550,000 (Five Million, Five Hundred and Fifty Thousand Pounds), subject to contract, which reflects a net initial yield of 5.50%, after purchaser’s costs of 6.61%.

Based on our opinion of ERV on the trade income and RPI for the petrol station/drive thru income the reversionary yield profile is as follows:

• 2025 – 6.33%
• 2026 – 6.56%