Long income drive thru and EV charging investment in Widnes, Merseyside
Prime location directly outside Green Oaks Shopping Centre, fronting Green Oaks Way
New-build, purpose-built drive thru units with 14 x EV charging stations
Total combined floor area of 3,643 sq ft with onsite parking for 56 vehicles
Unit A to be let to BK UK Devco Limited (t/a Burger King) for a term of 20 years wef Practical Completion subject to tenant break option on 15th anniversary
Initial rent of £95,000 per annum (£52.78 psf). Rent to be reviewed 5 yearly upwards only in line with OMRV.
First review with subject to a minimum uplift to £110,000 per annum
Unit B to be let to 23.5 Degrees Limited (t/a Starbucks) for a term of 20 years wef Practical Completion subject to tenant break option on 15th anniversary
Initial rent of £120,000 per annum (£65.11 psf). Rent to be reviewed 5 yearly in line with CPI compounded annually (1-3% cap and collar), capped at 10% over any 5-year period
14 x EV charging stations let to a National EV Operator for a term of 25 years wef Practical Completion subject to tenant break option in year 15
Initial rent of £49,000 per annum (£3,500 per charger) to be reviewed 5 yearly rent reviews in line with CPI annually compounded (1-3% cap and collar)
Total contracted rent of £264,000 per annum
New long leasehold title for a term of 150 years at peppercorn
Opportunity for a forward commitment to purchase
Property Brochure
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