Cazoo has expanded its network of physical car discount customer centers in Doncaster after securing an 18,000 square foot facility at one of the city’s leading auto retail stores.
LXi REIT, the long-term, inflation-protected REIT traded contracts on the click and collect facility of an online car retailer on Wheatley Hall Road for £ 6.1million recent transactions.
He said in a statement detailing the elements of the contract with Cazoo, that the site has a little less than 20 years unexpired until the first break and benefits from RPI rent increases revised every five years, set at 1%. per year and capped at 3% per year.
He added: “The site is well located, facing the A630 Wheatley Hall Road which is part of the Doncaster ring road, close to the junction with the A18 Thorne Road.
“The property offers good visibility from the side of the road with over 25,000 vehicles passing daily.
Cazoo’s new facility in Doncaster is one of 17 customer centers now listed on the online car retailer’s website.
Last week Cazoo, who is currently preparing for a £ 5 billion public offering on the New York Stock Exchange, said he sold his 25,000th car since its launch less than 18 months ago.
Zeus Capital market analyst Mike Allen recently told AM that he believes Cazoo’s statements regarding its sales volume milestones have led to an increase in this activity from retail PLCs. of established cars.
Last week Vertu Motors revealed that it sold 38,446 cars in the first three weeks of 2021.
Cazoo has expanded into Europe and auto subscription services, however, through the acquisitions of Drover and Cluno last month.
And its profile has been significantly bolstered by a portfolio of sponsorship deals that now includes Premier League football teams Aston Villa and Everton, The Hundred cricket, EFL, Rugby Union World Cup, Derby Football ‘Epsom, the St Leger Stakes and the World Snooker. To visit.
Commenting on Cazoo’s latest sales milestone, Alex Chesterman OBE, Founder and Managing Director of Cazoo, said: “This is an important milestone to take in our first 18 months and we are delighted that customers have responded so positively. at Cazoo’s proposal.
“We look forward to continuing our mission to provide the best car buying experience for consumers by providing better selection, quality, transparency, convenience and peace of mind.”