McDonalds Drive Thru Enterprise 5 Retail Park Bradford West Yorkshire BD10 8EG

McDonalds Drive Thru
Enterprise 5 Retail Park
Bradford
West Yorkshire
BD10 8EG

Modern Drive-Thru Investment

Let to McDonald’s Restaurants Ltd until 2047
New Reversionary Lease signed with over 29 years term certain (no breaks)
Forms part of Enterprise 5 Retail Park
Nearby occupiers include Morrisons, Pets at Home, Poundstretcher and Peacocks

Lot
4
Auction
5th December 2018
Rent
£64,950 per Annum Exclusive
Status
Sold
Price
£1,300,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Morrisons Plc

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Modern Drive-Thru Investment

Let to McDonald’s Restaurants Ltd until 2047
New Reversionary Lease signed with over 29 years term certain (no breaks)
Forms part of Enterprise 5 Retail Park
Nearby occupiers include Morrisons, Pets at Home, Poundstretcher and Peacocks

Lot 4
Auction 5th December 2018
Rent £64,950 per Annum Exclusive
Status Sold
Price £1,300,000
Sector
Leisure
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Morrisons Plc

Property Information

Location

Miles: 3 miles north of Braford city centre; 10 miles west of Leeds
Roads: A658, A6177, A650
Rail: Bradford Interchange
Air: Leeds Bradford Airport

Situation

The property is prominently situated 3 miles north of Bradford city centre on Bradford Road and forms part of the established Enterprise 5 Retail Park. The park contains a parade of 12 retail units adjoining a major Morrisons superstore, petrol filling station and a shared car park for 832 vehicles. Additional occupiers include Pets at Home, Poundstretcher, Peacocks, Specsavers, and Pure Gym.

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Location

Miles: 3 miles north of Braford city centre; 10 miles west of Leeds
Roads: A658, A6177, A650
Rail: Bradford Interchange
Air: Leeds Bradford Airport

Situation

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Description

The property comprises a modern purpose built, single storey drive-thru with indoor and outdoor seating areas. The property benefits from the use of the shared estate customer parking during normal business hours.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Restaurant/ Ancillary	227.05 sq m	(2,440 sq ft)	MCDONALD’S RESTAURANTS LIMITED (1)	50 years from 22/12/1997 expiring in 21/12/2047 (2) on a full repairing and insuring lease	£64,950	22/12/2022 and five yearly
Total		227.05 sq m	(2,440 sq ft)			£64,950

(1) For the year ending 31st December 2017, McDonald’s Restaurants Ltd reported a turnover of £1,593,489,000, pre-tax profits of £341,009,000 and a total net worth of £1,332,438,000 (Source: Experian Group 01/11/2018).
(2) The current lease is for a term of 25 years expiring 21/12/2022, however a reversionary lease has been signed from 22/12/2022 for a further 25 years until 21/12/2047. McDonald’s Limited will benefit from a 12 month rent free period from 01/12/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £64,950 p.a.x. from completion of the sale.