Chemix Autocentres

Highly prominent, long income Autocentre Investments, Black Country, West Midlands

• Three individual freehold Autocentre Investments in prominent positions with extensive roadside frontage.  
• 10 year leases without break offering long income. 
• Substantially let to Micheldever Tyre Services Limited and trading as Chemix latest accounts show turnover of £533million, net profit of £10.2million and net worth of £5.1million.  
• Low rental levels providing opportunity for rental growth.
• Sites underpinned by long term redevelopment value, either for residential or other commercial use (STTP)

Available individually or as a portfolio subject to contract and exclusive of VAT;

Forge Lane, Dudley Road, Halesowen B62 8EB
Offers in excess of £965,000 (Nine Hundred and Sixty Five Thousand Pounds) reflecting a net initial yield of 7.41% after allowing purchases costs of 5.74%. Capital value £52 per sq ft.

Camp Hill, Wordsley DY8 4AF
Offers in excess of £490,000 (Four Hundred and Ninety Thousand Pounds) reflecting a net initial yield of 7.02% after allowing purchasers costs of 4.66%.  Capital value £78 per sq ft

March End, Wednesfield, WV11 3QZ
Offers in excess of £410,000 (Four Hundred and Ten Thousand Pounds) a net initial yield of 7.02% allowing purchases costs of 4.24%. Capital value of £76 per sq ft.