Investment Opportunities from the Wider Market

Update 23rd October 2018

 


We recognise that there are many property investments offered to the market, or where a seller does not wish formal details prepared, which could be of interest to investors registered on our database.  As a result, we select here appropriate opportunities which we consider could be of interest to you as a registered investor.

Should you be interested to review any properties listed below, please contact a member of our team (+44 20 7935 7200 invest@singerviellesales.com) and we will supply further appropriate information.  Please note that we are not specifically recommending these investments, but providing a source of opportunities for you to consider and review.  

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Please note that all prices quoted are Subject to Contract and Exclusive of VAT.  Your data is held in accordance with our Privacy Policy.

 

Location

Address

Sector

Asking Price

Yield

Summary

 

Newport

Commercial Street

Retail

£685,000

6.8%

In excess of 4 years unexpired to CEX Limited (Turnover £81.1m) with 5 yearly rent reviews. 2018 rent review still outstanding.

 

Cheltenham

Promenade

Retail

£1,650,000

5.25%

Over 8 years unexpired (3 years term certain) to Coventry Building Society (Net Assets £1.78bn) with 5 yearly upward only rent reviews.

 

Leeds

Briggate

Retail

£1,745,000

6.75%

Over 7 years unexpired to Flight Centre UK (D&B rating - 5A1) with 5 yearly upward only rent reviews (next review in December 2018).

 

Northampton

Lower Mounts

Office

£3,390,000

6.75%

8.25 years remaining to Secretary of State for Communities and Local Goverment with 5 yearly upward only rent reviews.

 

Melksham, Wiltshire

Pembroke Road

Covenience Store

£570,000

6.05%

Convenience store let to Martin McColl (Shareholder's Funds £186m) with 15.5 years unexpired and 5 yearly fixed uplifts.

 

Hereford

High Town

Retail

£1,580,000

7.49%

Multi-let to Mountain Warehouse (Shareholder's Funds £50.6m) for a further 4 years (2.5 years term certain) and Game Retail Limited (Shareholder's Funds £106.9m) for approximately 4.25 years (2.25 years term certain).

 

Dorking, Surrey

High Street

Retail

£1,510,000

6.5%

Let to Waitrose (Net Worth £718m), t/a Pets at Home with 4 yearly uncapped RPI rent reviews for a further 6.5 years and the remainder to Cancer Research UK (Net Worth £383.5m) for a further 9.5 years (4.5 years term certain).

 

Leeds

Wellington Street

Public House

£1,420,000

5.0%

Let for approximately a further 18 years to Stonegate Pub Company Limited with annual uncapped RPI rent reviews.

 

Hampton Court, London

Bridge Road

Restaurant

£2,275,000

4.5%

10.5 years unexpired to Azzurri Restaurants Ltd (£76.1m) with a guarantee from Azzurri Central Ltd with 5 yearly upward only rent reviews.

 

Mercedez Dealership

North East

Car Showroom

£6.6m

5.5%

Let to Pendragon Property Holdings Limited with a guarantee from Pendragon Plc (Pre Tax Profit £65m, Balance Sheet £425m).  7 years plus remaining on lease. Rent reviews based upon annual increases of 2.25%.

Good location, on A road close to Motorway

 

Vauxhall Dealership

North East

Car Showroom

£1.7m

6.1%

Let to Pendragon Property Holdings Limited (Balance Sheet £1.34m); tenant is a subsidairy of Pendragon Plc (Pre Tax Profit £65m, Balance Sheet £425m).  13 years plus remaining on the lease.  Rent reviews based upon market rent.

Good position, fronting A road

 

Ford Dealership

North West

Car Showroom

£3.9m

6.5%

Let to Bramell Quicks Dealerships Limited (Pre Tax Profit £1.29m, Balance Sheet £7.1m), guarantor Bramell Quicks Limited (Pre Tax Profit £3.5m, Balance Sheet £40.1m).  Both subsidiaries of Pendragon Plc (Pre Tax Profit £65m, Balance Sheet £425m).

5 years plus remaining on lease.  Rent reviews based upon market rent.

Prominent position on A road, close to intersection with Motorway.

 

Citroen Dealership

Midlands

Car Showroom

£3.0m

6.0%

Let to Bristol Street Fourth Investments, a subsidiary of Vertu Plc (Pre Tax Profits £2,796m, Balance Sheet £264m)

11.5 years plus remaining on lease.  Rent reviews based upon market rent.

Prominent location

 

 

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