Savills · 21 Oct 2026 · in 2 days
Freehold EV Charging Site with Agreement for Lease in Place and Planning Granted
EV Charging Site, Land Adjacent To Balancing Pond, St Andrews Park, Halling, Kent ME2 1BA · South East
LiveLandFreeholdLet
- Guide
- £280,000
- Rent a year
- £28,000
- Yield on the guide
- 10.0%
- Payback
- 10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
What it costs to own
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From what comparable lots actually sold for against their guide, in Cornerlot's results.
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Savills hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Savills' record
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Create an accountAbout the lot
Freehold land lot in Halling. Producing £28,000 a year, a 10.0% gross yield at the guide.
Freehold Electric Vehicle (EV) Charging Site with Agreement for Lease in Place and Planning Granted Planning permission granted for 8 EV bays, together with agreement for lease in place for 30 years to Source EV UK Limited Investment to be let at £28,000 pa (10% GIY on Guide Price). Freehold EV Charging Site with Agreement for Lease in Place and Planning Granted. Planning permission granted for 8 EV bays. Agreement for lease recently signed for 30 years, expiring 2056. To be let to Source EV UK Limited (which is a JV between TotalEnergies and SSE plc ). Rent to increase by £3,500 per additional charging bay over 8. Annual CPI linked rent reviews (collared at 1% and capped at 3%). Next to 385 home new development & Tesco Express. Investment to be let at £28,000 pa (10% GIY on Guide Price). The property comprises a cleared site with the benefit of planning permission and an agreement for lease in place for an EV charging site, of 8 car bays. Tenancy: Agreement for lease executed to Source EV UK Limited for a term of 30 years (signed 06.10.2026 ) at an initial rent of £28,000 pa . The lease benefits from annual CPI linked upward only rent reviews , (collared at 1% and capped at 3%), and a tenant option to determine the lease on the 20th anniversary of the lease, subject to 12 months notice. The tenant benefits from a 6 month rent-free period. The Vendor will top up the completion funds so that the property effectively produces £28,000 pa from completion of the sale until the end of the concessionary period. As per the Agreement for Lease, the rent will increase by £3,500 per additional charging bay above 8. Source EV UK Limited is a wholly-owned operating subsidiary of Source EV Limited, which is a 50/50 joint venture between TotalEnergies and SSE plc (SSE Energy Solutions). Tenure: Freehold. The property is located in a prominent position at the junction of Limeburners Drive and Brooks Place. The property is adjacent to a new Tesco Express and 350 new home scheme.
Figures come from Savills' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.