TIME Investments has recently added a new asset to its TIME:Commercial Long Income portfolio. The fund made the long lease purchase of the property located in Maidenhead, Berkshire, in December 2018 for the purchase price of £7.65 million.
The property has been leased to Sytner Group, for 19 years which is a purpose built BMW & Mini car dealership. Rent reviews on the property will be 5 yearly and linked to RPI.
Sytner Group is the UK’s largest motor dealer by revenue and despite growth has retained its strong family ‘Sytner’ culture.