KFC, Pontymister Industrial Estate, Risca, NP11 6NP. Secure Drive-Thru Restaurant Investment

Transcription

1 KFC, Pontymister Industrial Estate, Risca, NP11 6NP Æ Secure Drive-Thru Restaurant Investment

2 Investment Summary Freehold. odern, detached drive-thru restaurant. Located in a prominent position on Pontymister Industrial Estate, with direct access off the busy 67. Adjacent to a busy Tesco Extra. Well-let to the secure covenant of KFC (Great Britain) Limited with circa 11. years unexpired. Producing 6,3 per annum. Rent reflects 23. psf which looks modest when compared to the comparable evidence. Seeking offers in excess of 1, (Eight Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, reflecting an attractive Net Initial Yield of 7.% after allowing for normal purchasers costs of.%.

3 Abergavenny Llantrisant 24 CARDIFF BRISTOL The property occupies a prominent position in Pontymister Industrial Estate on the western edge of Risca. It benefits from good prominence and direct access from the 67. There is a large Tesco Extra adjacent and Aldi are also located close by. There is a footbridge providing direct pedestrian access between the subject property and the town centre. 7 A3 A3 7 A3 Situation Barry R Avonmouth BRISTOL CHANNEL 21 2 Cardiff International Airport VE 4 NEWPORT 23 It benefits from excellent transport links with the 67 providing direct access to Newport and Junction 2 of the 4 otorway 4 miles to the South. Risca also benefits from a direct rail link to Newport with a fastest journey time of 2 minutes RI 4 3 Bridgend N R VE SE Usk Chepstow 7 4 Location Risca is located in the county of onmouthshire in South East Wales. It is located 7 miles north west of Newport and 16 miles north east of Cardiff Risca Pontypool Weston-Super-are Description 22 The property comprises a detached purpose built single storey drivethru restaurant constructed in late 211 with an approximate gross internal area of 2,62 sq ft on a site of approximately. acres. There are car parking spaces for approximately 32 vehicles plus 3 disabled spaces fronting the entrance. B4 1 Co Eb bw mm Riv er erc ial Str ill Street SWANSEA 42 Port Talbot 7 Neath onmouth erthyr Tydfil Ebbw Vale 6 ee t Æ 67 To Risca & the Valleys B B Pontymister Industrial Estate 67 To Newport & 4 J2

4 Æ Planning The property benefits from planning for the development of a fast food outlet (class A3) and associated car parking which was granted under a planning consent dated 1st July 211 reference no: 11/233. Tenure Freehold Pip FB Tenancy The property is let to Kentucky Fried Chicken (Great Britain) Limited on a 1 year lease from 21st arch 212 at a current rent of 6,3 per annum ( 23. psf). The lease is drawn on FRI terms subject to yearly upward only review. Covenant Information We understand that Kentucky Fried Chicken (Great Britain) Limited is the main UK holding company of YU BRANDS INC. It has a Dun & Bradstreet rating of A1, the highest achievable rating. WB S Afon Ebwy (Ebbw River) Sloping masonry Sloping masonry As of December 213, there were 74 KFC outlets in the United Kingdom. British turnover was around 446 million in 213, with a pre-tax profit of 4 million. About 7% of outlets are run by franchisees, with the remainder company owned. The company employs 24, people, while around 4 sites are drive-thru outlets. Pontymister Industrial Estate El Sub Sta EPC The property has a EPC rating of B2. Further details can be provided on request. 1 1 to 3 m 1m 2m 3m RBF Business Centre Ordnance Survey Crown Copyright 211. All rights reserved. Licence number Plotted Scale 1:12 - For identification purposes only VAT The property is VAT elected, however it is anticipated the sale will be treated as a transfer of a going concern (TOGC). Recent Comparable Transactions Date Property Tenant Term Certain Rent (P.A.) Price Yield Rent (PSF) ay 213 arus Bridge cdonalds 6,76 1, 6.6% 26. Retail Park, Wigan arch 214 cdonalds, cdonalds 21 7, 1,32,.6% 2. St Austell, Cornwall ay , Newport Road, Burgerking 1 7,, 7.16% 3.1 Cardiff Limited ay 214 cdonald s, cdonald s 13 66,6 1,14,.% Liverpool Restaurants Limited October 214 KFC, Bridgend KFC (Great Britain) ,2 1,, 6.6% 2. Ltd arch 21 Britannia Bangor cdonalds 1 73, 1,24,.6% 21. Shopping Centre, arch 21 Burger King, Union Burger Ltd 6, 76, 7.47% 24.4 Neath (t/a Burger King) ay 21 KFC, Neats Court Scotco Restaurants 13 66,7, 7.4% 2.16 Retail Park, Kent Ltd (t/a KFC)

5

6 Proposal Seeking offers in excess of 1, (Eight Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT, reflecting an attractive Net Initial Yield of 7.% after allowing for normal purchasers costs of.%. Further Information For further information or to arrange an inspection please contact the sole agents Knight Frank:- Rob Jones Gareth Lloyd Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Subject to Contract. Exclusive of VAT Knight Frank LLP is a limited liability partnership registered in England with registered number OC334. Our registered office is Baker Street, London W1U AN, where you may look at a list of members names. SEPTEBER 21 Design by artin Hopkins Partnership, Cardiff. Tel: