A service station on a key junction of the A11 in west Suffolk has been listed for sale for £8million.
The Fiveways Roadside Service Area, in Barton Mills near Mildenhall, is set on more than four acres of land on the northbound carriageway.
A Shell petrol filling station and a McDonald’s restaurant and drive-thru’ are both on the site on long-term leases.
Pigeon Investment Management, advised by Barber Wadlow and Savills, has brought to market the freehold of the service station.
The site generates an annual rental income of more than £391,000 and sees about 50,000 vehicles passing by every day.
The roadside 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, Director at Barber Wadlow, said: “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”.