Beverley
Eastfields Road, Beverley, East Riding of Yorkshire HU17 0XL
Summary
- Alexander James were instructed by a private client to secure an off-market forward commitment sale of two drive-thru retail investments
- The drive-thrus were let to BKUK Devco Ltd (with a guarantee from BKUK Group Ltd for the first three years) and Costa Ltd
- The Burger King drive-thru was let on a 20-year lease with a Tenant only break option on the 15th anniversary of the term commencement with five yearly open market rent reviews
- The Costa drive-thru was let on a 15 year lease with a Tenant only break option on the 10th anniversary of the term commencement with five yearly open market rent reviews capped at 3% per annum compounded
- Combined passing rent of £142,500 per annum
- Sale Price – Confidential
- For further information contact Richard Syers