Over 17 Years of Secure Income to Mcdonald's Restaurants Ltd Across 5 Prominent Freehold Roadside Drive-thru Properties
Summary
- Five prominent recently redeveloped freehold roadside drive-thru assets, all located on busy arterial roads.
- All assets strategically situated on roundabouts with dual road access generating strong trade for tenants due to increased traffic numbers.
- Securely let to McDonald’s Restaurants Ltd with an AWULT of over 17 years to expiry.
- Highly sought after drive-thru planning consent with 24 hour trading adding significant value to each site.
- Unique revisionary income with the rent topped up to 2022 reviews producing £264,858 per annum.
- Estimated rental value of £645,830 per annum.
- All five leases benefit from 2% per annum fixed uplifts reviewed five yearly.
- Significant uplift in rental value in 2038 upon lease expiry reflecting a ground rent style income.
- Offers in excess of £7,100,000 (SEVEN MILLION ONE HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
- A purchase at this level will reflect a net initial yield of 3.5% and an ultimate reversionary yield of 8.52% after allowance for purchaser’s costs of 6.8%
