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
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 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
  • B
  • C
  • D
  • E
  • | Energy class F
    F
  • G
  • H

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