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Cribbs Causeway is the 6th largest out-of-town retail cluster in the UK with a 2.1m catchment population.
Sited within the country’s 4th largest car dealership cluster; the property was built in the early 2000s and provides 15,698 sq ft on a 1.90-acre site.
Let to Honda Motor Europe Limited on FRI terms for a further 10.5 years with a guaranteed increase at the next rent review in February 2024 at a passing rent of £276,060 per annum (£17.58 psf).
In common with the wider car retailing market Honda is experiencing sales growth, with the Honda Civic reported as one of the best-selling models, and is Industry ranked better than average, with this dealership offering an opportunity for further sales growth.
The property was sold on behalf of AXA Investment Management in August 2023, for £4,350,000, to a property company.
To find out more contact the team.