Brand New Drive-Thru Investment With 25 years Unexpired And CPI Linked Reviews

Summary

• Located along the A52 one of the busiest regional arterial routes running east to west through Nottingham.
• Drive-thru unit let to 23.5 Degrees (T/A Starbucks) for a term of 25 years from 20th May 2025 with CPI reviews compounded 5 yearly on the 5th and 10th anniversary (cap and collar of 4% - 1.5%) and OMV reviews from 15th anniversary.
• Strong daily traffic flow of approximately 42,000 vehicles per day according to AADF figures.
• In October 2024, 23.5 Degrees Ltd was acquired by Starbucks Corporation. Current low rent of £105,000 per annum. (£30 psf).
• Additionally five EV car spaces are let to IDUNA (T/A Be.Ev for a term, of 25 years with annual CPI reviews (cap and collar 4% and 1.5%) at a rent of £9,000 per annum.
• Total combined rent of £114,000 per annum.
• Freehold.