Pigeon Investment Management, advised by Savills and Barber Wadlow, has brought to market the freehold of the highly prominent Fiveways Motor Service Area in Barton Mills, Suffolk. The site is being marketed at a guide price of £8 million.
Set across 4.2 acres, the property comprises a very strategic trunk road service area, multi-let on long term leases to tenants including a Shell petrol filling station and a McDonalds restaurant and drive-thru. The scheme generates an annual rental income of over £391,000.
The motor service area is located on the Norwich bound carriageway of the A11 on the Fiveways roundabout. A busy arterial route connecting Norwich with Cambridge and London with circa 50,000 vehicles passing the site per day.
James Emans, director in the UK investment team at Savills, comments: “Fiveways Motor Service Area provides a rare opportunity to acquire a modern roadside investment with diversified income in one of the most prominent positions along the A11 corridor. There is also the potential to redevelop part of the site for alternative uses such as EV charging, subject to planning.”
Adam Wadlow, partner at Barber Wadlow, adds: “With its compelling drive time credentials and the ability to future proof, the site provides long term appeal to occupiers. For this reason, we anticipate receiving a number of enquiries from interested parties.”