Pippin Service Station, Oxford Road, Calne, Wiltshire, SN11 8AA
Savills Investment Management, represented by Franck-Steier Price, has recently completed the off-market sale of a modern petrol filling station in Calne to Motor Fuel Group.
The property is prominently located in the town centre and is let to BP Oil UK Ltd for a further 15 years at a rent of £181,025 per annum.
BP Oil UK has sub-let to Motor Fuel Group for the term of the lease.
The property was sold for £3,275,000 which reflects a net initial yield of 5.19%. Barber Wadlow represented Motor Fuel Group.