Long Income Drive Thru Investment Let Off A Low Rent Of £29.50 psf

Summary

• Located in Preston, a well-established hub for roadside retail and leisure.
• A recently fitted out drive thru unit let to Burger King.
• Local occupiers include: JD Gyms, KFC, Aldi, Odeon, Costa, Lidl Porsche, Halfords, DFS, B&M, Morrisons, Starbucks, Pets at Home, McDonald’s,k Benson Beds.
• Approximately 19 years unexpired.
• Minimum uplift to £110,000 or OMV whichever higher in 2029.
• Freehold.
• A purchase at this level will reflect a net initial yield of 6% and a minimum reversionary yield of 6.5% in 2029 after allowance for purchaser’s costs of 6.13%.