• Freehold car showroom investment opportunity

• In excess of 11.25 years unexpired lease term

• 5 yearly rent reviews to RPI

• Secure income – Net Assets £63 million

• £2,300,000, subject to contract

• 6.0% net initial yield

The subject property occupies a prominent position fronting the A5036 (Sefton Street), approximately 1.6 km (1 mile) south of Liverpool City Centre. The A5036 is one of Liverpool's established “motor alleys” with other dealerships in the immediate vicinity including Jaguar Land Rover, Kia, Renault and Nissan. Other occupiers on the A5036 include Pure Gym, Costa and Subway.

The property is located immediately adjacent to the Brunswick station bus and train interchange to the south. The River Mersey lies approximately 100 metres to the west.

The property comprises a modern purpose built car dealership constructed in 2004, of steel frame construction with metal cladding. The roof is metal sheeted and mono pitched slopping from the front to back.

The showroom is of full height with 6 meter glazing to the external walls. Internally the showroom has a 6 car display, with a high standard finish, in line with the Fiat corporate finish. The first floor comprises offices with balcony accommodation.

A workshop to the North of the site has an eaves height of 7.5 meters at the front and 6.5 meters at the rear. There are 6 ramps and an MOT bay, along with 6 folding up and over doors. There is a wet valet bay area next to the workshop with roller door shutters.

We estimate the site area to be approximately 0.37 hectares (0.92 acres), providing a low site density of 22%.

A Phase I Environmental Assessment was carried out by Delta Simons in May 2018 which concluded that “with regard to potential land contamination issues and associated environmental liabilities, in its current use, the Site represents an overall investment opportunity with a Low risk.   A copy of the report is available to download and is available for assignment to a purchaser.

Freehold.

Decidebloom Limited (Co. No. 03003995) has reported the following figures;

Decidebloom Limited trades as Stoneacre Motor Group and operates from over 45 dealerships nationwide, representing over 20 of the world’s leading manufacturers and employing over 2,000 people. Stonecare is ranked 23 in the Motor Trader Top 200 by turnover. For further information see www.stoneacre.co.uk.

In 2016/17 the Aftersales division achieved 7.41% growth and the Group’s network of 11 Accident Repair Centres saw 11.5% growth. Parts turnover increased by 11.9% to over £40 million and the company now provides an overnight service to all sites which further enhances customer service across all the brands represented. Stoneacre won the Automotive Management Award 2017 for best training programme and Academy in the UK and was awarded the prestigious Ford Chairman’s Award 2017 for providing excellent customer service.

We are instructed to seek offers in the region of £2,300,000 (Two Million, Three Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 6.0%, assuming purchaser’s costs of 6.04%.

1. An opportunity to acquire a freehold car showroom investment;

2. The investment provides secure income, being let to Decidebloom Ltd (Net Assets £62.6m).

3. In excess of 11.25 years unexpired lease term;

4. The property benefits from 5 yearly rent reviews to RPI;

5. The property occupies a prominent pitch fronting the A5036, one of Liverpool's established “motor alleys”;

6. The investment provides a purchaser with an attractive lot size;

7. A purchase at the asking price reflects an attractive net initial yield.