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

Blackburn, BB6 7UA

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