Global investment firm Evergreen Investment Advisors has put a prime long income motorway service area up for sale.
London Gateway is a strategic site situated on 19.9 acres of freehold motorway connected land between junction two and four of the M1. The service area is let on a triple net lease to Welcome Break.
The asset offers an opportunity to acquire a leased UK infrastructure asset and a masterplan to unlock a logistics or data centre development scheme at the site has been well received in pre-application discussions.
Tom King, executive director in CBRE’s operational real estate team, which has been instructed to market the opportunity, said: “London Gateway represents a rare opportunity to acquire a secure long income investment with a super-prime redevelopment opportunity to unlock a Logistics or data centre scheme, with a GDV in excess of £200m, alongside an enhanced motorway service area facility.
“Given its attractive lease, strategic location, inherent land value, and masterplan to crystallise redevelopment, we anticipate interest from a broad range of investors and developers.”
