Sale of Sytner MINI Shrewsbury

Berrys successfully sold the freehold interest of Sytner Group, MINI Shrewsbury, located on Featherbed Lane in the heart of Shrewsbury towns prime commercial district. The property comprised a modern, high quality Sytner MINI dealership, car loading bay and car storage area. The property extended to approximately 13,867 sq ft on a site of 1.30 acres, and was surrounded by other major dealerships including Budgen Renault, Greenhous, Arnold Clark, JT Hughes, Furrows and WR Davies. The property has been sold off market to the current occupier for £2,425,000.

The property was income producing, benefitting from a passing rent of £206,672 per annum, equating to £14.90 per sq ft. It was let to Sytner Group Limited on three occupational leases, all expiring in July 2033.

How We Approached The Project

Key Features:

• Prominent roadside location within a key automotive cluster
• Modern showroom, workshop, valet bays, offices and mezzanine
• EPC rating of B
• Freehold title

How We Achieved The Project

The property was marketed to a targeted investor audience, highlighting its strong covenant, long lease term and strategic location.

The purchaser, Sytner Group Limited is the UK’s largest and most successful car dealership group, operating across the UK and Europe with a focus on premium brands including MINI, BMW, Audi, Mercedes, Porsche and Ferrari.

The property sold for £2,425,000, representing a gross yield of 8.52% and a capital value of £174.88 per sq ft.

This transaction highlights Berrys’ ability to deliver results in a range of asset classes. The sale of a prime automotive investment highlights the demand for well let investment property in the region.