Unit 1, Canal Road, Selby Y08 8AG
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£930,000
May 2026
NorthCap have successfully completed the sale of this single let garage on behalf of a private investor.
The property comprises a tyre repair garage of 4,629 sq ft, located on Canal Road in Selby.
The unit is let to Kwik-Fit (GB) Limited by way of an FRI lease from 5th November 2024, expiring 4th November 2039, subject to a tenant’s break option on the 10th anniversary of the term. The rent is £58,000 pax, reviewable on the 5th and 10th anniversary of the term on an upwardly only basis to market value.
The property was sold for £930,000 which reflected a net initial yield of 5.90% after allowing for standard purchase costs.
The property was acquired by a private investor represented by Hanson Chartered surveyors.
