Starbucks, Heys Lane, Great Harwood, Blackburn BB6 7UA

Blackburn, BB6 7UA

Under Offer

Price £2,120,000

Rent (pa) £124,000

Yield 5.5%

Investment Summary

New build drive thru unit with EV charging in Great Harwood, Blackburn
Blackburn is the core centre of the wider unitary authority area and the second largest town in Lancashire with a population of 154,700 (2021 census)
Excellent transport connectivity being located approximately 3 miles from Junction of the M65 Motorway
Well located adjacent to Aldi supermarket, nearby to Tesco Superstore and Morrisons Supermarket
The property comprises a new build drive thru unit with 6x EV charging bays
New build drive thru unit of 1,840 sq ft
Total site area of c.0.35 acres
Drive thru let to Starbucks Coffee Company (UK) Ltd
Fully repairing and insuring lease for a term of 20 years from Practical Completion
Low initial rent of £100,000 (£54.00 psf)
Rent to be reviewed five yearly to RPI (1-3% cap and collar)
EV charging let to E.ON Drive Infrastructure UK Limited (rent guaranteed by E.ON Drive Infrastructure GMBH) for 20 years
Initial rent of £24,000 per annum (£4,000 per EV bay)
Annual rent reviews to CPI (1-3% cap and collar)
Total rental income of £124,000 per annum