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Essar Spalding Service Station London Road Little London

779 SF Retail Building Spalding PE11 2TP $2,586,125 ($3,320/SF) 8.63% Cap Rate

Retail Space Lincolnshire Spalding London Road Little London, Spalding PE11 2TP

Investment Highlights

  • Prime service station located on London Road in Spalding
  • Benefitting from annual CPI 1%-3% uplifts AND a five-yearly review to market rental value (if higher)
  • Let to Essar Oil (UK) Limited (£268m net worth) on an FRI lease until March 2044

Executive Summary

Recently leased to Essar Oil (UK) Limited (t/a Essar), one of the few UK oil companies with its own refinery and part of a major conglomerate with a global net worth of approx. $8 billion

Attachments

Essar Spalding Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Service Station
Building Size
779 SF
Year Built
1950
Price
$2,586,125
Price Per SF
$3,320
Cap Rate
8.63%
NOI
$223,076
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.35 AC
Frontage
77 FT on Little London

Links

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Nearby Major Retailers

ALDI
Londis
The Co-operative Food
Heron Foods
Barclays
Iceland
Sainsbury's
Lidl
Prezzo
Puregyms
+44 1775 668886

Contacts

  • Listing ID: 32243155

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: London Road Little London, Spalding PE11 2TP

The Retail Property at London Road Little London, Spalding, PE11 2TP is currently available for sale. Contact Prideview Group for more information.

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Essar Spalding Service Station | London Road Little London
+44 1775 668886 x

Essar Spalding Service Station | London Road Little London

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Pritesh Patel

+44 1775 668886

+44 1775 668886

Sejal Kamani

+44 1775 668886

+44 1775 668886

Priyesh Patel

+44 1775 668886

+44 1775 668886

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