Bristol – Tesla Showroom and Service Centre, 5 Centaurus Road, Patchway, BS34 5TS
The entire property is let on an FRI lease for a term of 10 years from 5th September 2022, to Tesla Motors Ltd, (with a guarantee from Tesla Motors Netherlands BV) at a current rent of £400,000 per annum. The tenant has a rent review on 5th September 2027, which will increase in accordance with RPI, capped and collared by 3% and 1% annually.
Tesla Motors Ltd – Established in 2003 the company has over 127,00 employees and a current market capitalisation in excess of $700 billion.
Acquired for Private Client