Property Detail

MCDONALD’S & COSTA COFFEE in the County of Essex for Sale, 15- and 25-Year Lease Agreements

MCDONALD’S & COSTA COFFEE in the County of Essex for Sale, 15- and 25-Year Lease Agreements

Property type: fast food restaurant & coffeehouse
Purchase of established rental business

Tenure: freehold

Construction year: 2019

Total building size: ca. 400 m2, incl.:
• Costa Coffee: ca. 170 m2
• McDonald’s: ca. 230 m2

Technical condition:
• building is in excellent condition
• additional investments in renovation or refurbishment are not required

Location: the county of Essex, UK

• property is located in a town with a population of about 20,000

Tenants: McDonald’s, Costa Coffee

Occupancy: 100%

Lease Agreements:

• McDonald’s: 25-year lease agreement
• Costa Coffee: 15-year lease agreement
• Possibility of renewal: YES
• Rent Review: YES

Full Repair and Insure Lease (FRI lease):

• tenants are responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Purchase price: offers in excess of 3,500,000 GBP
(+ closing costs)

Total Rental Income: 170,000 GBP per annum (+ indexation linked to inflation)
• Rental Income (McDonald’s): 100,000 GBP per annum
• Rental Income (Costa Coffee): 70,000 GBP per annum

Yield: 4.9%

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http://www.brantstone.com/property/restaurant-mcdonalds-for-sale-in-uk-02023286 02023286 MCDONALD’S & COSTA COFFEE in the County of Essex for Sale, 15- and 25-Year Lease Agreements