Property 5540

A freehold investment property comprising a modern convenience store and petrol filling station, featuring eight pumps beneath a steel canopy and a single-storey convenience store with an approximate area of 268.81 sq. m. (2,893 sq. ft.) on a total site area of 0.11 Ha (0.28 Acres). The property is entirely let to Rontec Properties (No. 4) Limited, with a guarantee from Rontec Roadside Retail Limited, under a recently extended lease expiring in June 2045, which includes a tenant break option in June 2040. The lease features annual fixed uplifts of 2.00%, with rent increasing to £182,847 in 2030 and £201,878 in 2035. The property operates as Morrisons Local and Esso, benefiting from 24-hour opening and is situated in a busy crossroad location near Tunbridge Wells Hospital and a large Tesco Superstore, which does not have a petrol filling station on-site. The property is approximately 11 miles south of Sevenoaks, 30 miles north of Eastbourne, and 40 miles south of London, with good transport links including the A21, A26, A264, and M25 (Junction 5). The current rental value is £165,611 per annum exclusive.