Let to Kentucky Fried Chicken (Great Britain) Limited
Lease expires June 2024 (no breaks)
Upcoming Rent Review in June 2019
Car parking for 25 cars
Nearby occupiers include Lidl, Homebase and Tesco Extra
Prominent trading location fronting A48 and forming part of Hernston Retail Park
Lot 4
Auction 4th April 2019
Rent £66,300 per Annum Exclusive
Status Sold
Price £1,010,000
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
18 miles west of Cardiff, 29 miles south-east of Swansea
Roads
A48, A473, M4 (Junction 36)
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation
The property is situated on the established Hernston Retail Park, to the south of the A48, which connects to the M4. Nearby occupiers include Lidl, Pets at Home, Wickes, Halfords, Homebase, McDonald’s, Kwik Fit, B&M, Next and Tesco Extra.
Tenure
Freehold.
Location
Miles
18 miles west of Cardiff, 29 miles south-east of Swansea
Roads
A48, A473, M4 (Junction 36)
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation
The property is situated on the established Hernston Retail Park, to the south of the A48, which connects to the M4. Nearby occupiers include Lidl, Pets at Home, Wickes, Halfords, Homebase, McDonald’s, Kwik Fit, B&M, Next and Tesco Extra.
Tenure
Freehold.
Description
The property comprises a purpose built drive-thru providing a ground floor restaurant with ancillary accommodation on the first floor. The property benefits from customer parking for 25 cars.
VAT
VAT is applicable to this lot.
EPC
Band C. See legal pack at www.acuitus.co.uk
Description
The property comprises a purpose built drive-thru providing a ground floor restaurant with ancillary accommodation on the first floor. The property benefits from customer parking for 25 cars.
25 years from 24/06/1999 until 23/06/2024 on a full repairing and insuring lease
£66,300
24/06/2019
Total
238.20 sq m
(2,564 sq ft)
£66,300
(1) For the year ending 24th December 2017, Kentucky Fried Chicken (Great Britain) Limited reported a turnover of £445,783,000, pre-tax profits of £186,160,000 and a total net worth of £432,977,000 (Source: Experian Group 27/02/2019) The property is sublet to a franchisee.
