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Burger King Drive Thru, The Junction Retail & Leisure Park, Antrim, BT41 4JG

£1,000,000

Burger King, The Junction Retail and Leisure Park, Antrim, BT41 4JG

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For Sale

Burger King Drive Thru, The Junction Retail & Leisure Park, Antrim, BT41 4JG

Burger King, The Junction Retail and Leisure Park, Antrim, BT41 4JG

£1,000,000

Description

INVESTMENT FOR SALE

Key Benefits

Prominent drive thru investment at The Junction Retail and Leisure Park, Antrim.
The Junction is one of the largest shopping and leisure destinations in Northern Ireland offering a wide range of well known brands including Nike, Poundland, B&M Home Store, Next, Denby and Trespass.
Let to Windmill (NI) Limited t/a Burger King providing a CreditSafe Risk Score of 54 out of 100 reflecting ‘Low Risk’.
Base rent of £55,000 per annum with an additional 9% turnover top up paid quarterly in arrears.
Based on the year ending 31st January 2022 turnover figures the top up rent was £31,114, thereby increasing the total rent to £86,114.
Leased until 31st December 2033 (11.82 years unexpired) with a tenant break option in December 2028 (6.82 years term certain).
The tenant has been in occupation since the scheme was originally built in 2004 and the lease was renewed and rebased in 2020.
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds) exclusive of VAT.
Reflecting the base rent and turnover top-up for the year ending January 2022 (£86,114), the quoting price reflects a Net Initial Yield of 8.14%, after deducting standard purchasers costs of 5.75%.

Description

Prominent standalone drive thru restaurant with associated car parking for 30 vehicles.

The building extends to a gross internal area of 2,750 sq ft (255.48 sq m).

Property Documents

Brochure

EPC Certificate

Address

Open on Google Maps

Address The Junction Retail and Leisure Park
City Antrim
Zip/Postal Code BT41 4JG

Details

Updated on March 15, 2022 at 10:48 am

Price: £1,000,000
Property Size: 2750 Sq Ft
Property Type: Investment
Property Status: For Sale

Energy Class

Energetic class: F
EPC Current Rating: 139

A+
A
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D
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| Energy class F
F
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Andrew Coggins