Rare opportunity to acquire a pre let Burger King drive thru restaurant.
Prominently located in the front car park of the established Market Centre Shopping Centre in Crewe, at the Junction of West Hill (A532) and close to Grand Junction Retail Park and Tesco Extra.
Pre-let to BKUK Devco Limited guaranteed by BKUK Group Ltd on a 20 year lease with a tenant break at year 15.
Founded in 1954 in the USA Burger King is the second largest fast food hamburger chain in the world with around 17,800 outlets serving over 11million customers daily.
Proposed drive-thru to extend to 2750 sq ft GIA.
Initial rent of £82,500 per annum equating to £30.00 per sq ft. Rent is reviewed every 5 years to open market value.
We are instructed to seek offers in excess of £1,350,000 (One Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT which reflects a Net Initial Yield of 5.75% assuming full purchasers’ costs of 6.02%.