Map pinStarbucks Drive-Thru Liphook By-Pass, Hampshire, Hampshire, GU30 7TT, UK

Starbucks Drive Thru, Liphook

Starbucks Drive Thru, Liphook_Property for Sale

Attributes

Building area net
2,799 sf
Occupancy
100%
Asking price
$1,678,000
WAULT
12.8 years

Asset description

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. 

...

Investment highlights

  • 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%.



Starbucks Drive Thru, Liphook 4_Property for Sale
Starbucks Drive Thru, Liphook 4_Property for Sale
Starbucks Drive Thru, Liphook (0 Properties)

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Last updated
Apr 1, 2025