Coffee Drive-Thru & EV Charging Hub Investment
Castleford
Bridge Street (A6032), Castleford, West Yorkshire WF10 1AG
Investment Summary
- Castleford is the second largest town in the Wakefield district
- Prime location fronting Bridge Street (A6032), a main route going east to west just to the north of Castleford town centre
- The asset occupies a roadside retail position and benefits from good pedestrian links to Castleford town centre and Carlton Lanes Shopping Centre
- A new 1,800 sq.ft Costa Coffee drive-thru alongside an 8-bay E-On branded ultra-rapid EV charging hub
- Drive-thru let to Costa Ltd for 15 years at £125,000 per annum, subject to five-yearly RPI 1-3% pac
- The EV charging hub is let to The EV Network (EVN) for 30 years (no breaks) at £40,000 per annum, subject to annual upward-only uncapped CPI rent reviews
- Offers sought in excess of £2,580,000 (Two Million Five Hundred and Eighty Thousand Pounds), reflecting a Net Initial Yield of 6.01% (assuming purchaser’s costs of 6.39%)
- For further information, please contact Richard Syers or Josh Wraight