66 High Street, New Malden
66 High St, New Malden, Greater London, KT3 4ET, UK
367 vierkante meter
Kenmerken
Netto gebouwoppervlakte
260 vierkante meter
Bezettingspercentage
100%
Vraagprijs
€ 1.529.000
WAULT
12.8 jaren
Objectomschrijving
The property comprises an existing single storey Starbucks coffee shop that has recently been converted into a drive-thru store and undergone extensive refurbishment works and new fit out internally.
The building totals circa 2,799 sq ft and can comfortably seat 120 customers including external areas.
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Investeringskenmerken
- Prominently situated on the A3 Northbound, the main arterial route connecting the south coast to London
- Established service station with Shell Garage & McDonalds
- The first franchised Starbucks store in the UK
- Freehold
- 2,799 sq ft Starbucks Coffee drive-thru
- Recently converted and fully refurbished
- Let to Starbucks Coffee Company
- Lease for a term of 15 years from 16 September 2022, expiring 15th September 2037
- Rent of £75,000 per annum reflecting £26.80 per sq ft
- Five yearly upwards only CPI linked rent reviews with a cap and collar of 1% - 3% per annum compounded
We are instructed to seek offers in excess of £1,286,000 (One Million, Two Hundred and Eight Six Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 5.50%, and a potential Reversionary Yield of 6.38% (3% per annum compounded) assuming standard purchaser's costs of 5.98%.
Media
Starbucks Drive Thru, Liphook (0 Eigendommen)
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Laatst bijgewerkt
1 apr 2025