IMO Car Wash Portfolio

The portfolio comprises 5, purpose built car washes located in Braintree, Bridgwater, Dartford, Houghton Regis and Lancing. The sites ranged from 0.3 acres to 0.7 acres and heavily underpinned by alternate use value. All of properties are let to Anduff Car Wash Ltd t/a IMO on 25 year leases with c.17.5 years unexpired. The total rent was £289,885 per annum with a RPI linked uplifts in 2029.

Price achieved was £4,7500,000 reflecting a net initial yield of 5.73%.

Contact

Please contact us for further information regarding any of the acquisitions on our site.

Freddie Dade
07929 321 709
freddiedade@tydusre.com

 Will Elphinstone
07876 131 346
willelphinstone@tydusre.com

Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com