Unit 1 Hernston Retail Park Bridgend Mid Glamorgan CF31 3ND

Unit 1 Hernston Retail Park
Bridgend
Mid Glamorgan
CF31 3ND

Freehold Drive-Thru Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Drive-Thru Investment

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

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.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground/ First	Restaurant/Ancillary	238.20 sq m	(2,564 sq ft)	KENTUCKY FRIED CHICKEN (GREAT BRITAIN) LIMITED (1) t/a KFC	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.