Key Features
Description
The property comprises a freehold EV charging site let to Elektra Charge Limited on a new long-term lease, providing secure, index-linked rental income.
The tenant has committed to a term of 30 years and three months from October 2025 at a passing rent of £11,000 per annum plus VAT. The rent is reviewed annually in line with CPI, subject to a minimum increase of 1% and a maximum of 4%.
The lease also provides for additional rental growth as the site expands, with the annual rent increasing by £5,500 for each additional charging or parking bay installed above the initial two bays.
The site is permitted for 24-hour EV charging use, including associated charging infrastructure, solar canopy and battery storage. The tenant is responsible for the repair and maintenance of both the property and EV facilities, with no conventional tenant break during the term.
The investment offers long-term, annually indexed income with further rental growth potential linked directly to expansion of the charging facility.
Tenure: Freehold
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