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Kwik-Fit Portfolio

UK

dba142

Portfolio
£10,400,000

Tenure: Freehold
Tenancy: Single Let

Investment summary

The portfolio comprises the following properties:-

•997-1003 High Road, Whetstone, London N20.

•570 London Road, Camberley, Surrey.

•County Oak Way, London Road, Crawley, West Sussex.

•213 Staines Road, Hounslow, Middlesex.

•Unit 2, 14/16 Easthampstead Road, Bracknell, Berkshire.

•At the time of the sale all five properties were let to Kwik-Fit Properties Ltd with a surety from Kwik-Fit Holdings Ltd on full repairing and insuring terms with lease lengths of 30 years from 25th August 1998, expiring in 2028, with 5-yearly upward only rent reviews throughout. The rent reviews are to the higher of 3% per annum compound or open market value.

•At the time of sale the total rent was £539,948, rising to £625,948 in August 2008 and £725,645 in August 2013.

•Net intitial yield 4.9%.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Kwik Fit Portfolio
Kwik Fit Portfolio

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.