| |
| | | Type | Drive Thru' | | Tenure | For Sale | | Lease term | Prime Drive Thru Investment let to Burger King on a new 20 year FRI lease at £90,000 pax | | | | Rent (pax) | £ | | Notes
To be sold Freehold.
Let to Burger King (BKUK Devco Limited) on a new 20 year FRI lease effective from 20th Feb 2023 subject to a Tenant’s break at year 15.
Prominently located on Park Road adjoining a new Lidl Food Store and close to Junction 32 Shopping Outlet Village, Xscape Yorkshire Leisure complex, and other retailers including McDonalds, KFC and Aldi.
2500 sq ft Drive Thru.
Low initial rental of £90,000 pax equating to £36 psf.
5 yearly rent reviews to Open Market Value.
Offers are invited in excess of £1,600,000 reflecting a net initial yield of 5.3% assuming purchaser’s costs of 6.14%. PRIME DRIVE |
|
|