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A car dealership franchise is expected to make a whopping £3. 5million after going on sale online.
The site, on Tritton Road in Lincoln, houses showrooms representing six brands: Vauxhall, Renault, Dacia, Mazda, BYD and Peugeot.
All the dealerships are currently operated by Car Dealer Top 100 group Motus, which has a lease running until September 2035.
The organisation will pay an annual contract of £260,000; This figure is expected to rise to £290,000 from September 2025, before a further review of hiring five years later.
The homes are being sold through Savills Automotive, which described the land as an “attractive investment opportunity”. Agents say they will donate £3. 5 million for the 2. 92-acre facility.
In the brochure, Savills says: “The asset contains five buildings housing the Peugeot, Renault, Dacia, Vauxhall, BYD and Mazda brands.
“It has a very visual front on the busy A1192 Tritton Road, with 18,727 cars passing daily, as well as a large used car display and car park.
“It is leased to Motus Group (UK) Limited, a wholly owned subsidiary of South Africa’s largest organisation: The Motus Corporation.
“The assets are leased to Motus Group (UK) Limited for a term of 15 years from 28 September 2020, expiring on 27 September 2035.
“The current rent is £260,000 per year, which equates to a net rent of £252,200 per year. The lease is subject to a rent review on 28 September 2025 with a steady increase of £290,000 per annum, or £282,200 net consistent with the year.
“The tenant has the obligation to break on September 28, 2030 with a notice of 6 months. The lease is subject to specifications.
Any investors interested in the site contact Savills Automotive for additional information.
Jack joined the car dealership team in 2021 as an editor. In the past, he worked as a journalist for a national newspaper of the BNPS news agency. He has provided news and reports on the engine for a number of national publications, including The Sun, The Times and The Daily Mirror.
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