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Investment

Investment For Sale Kingston upon Hull

PROPERTY ID: 64195

PROPERTY TYPE

Investment

STATUS

Available

SIZE

21,345 sq.ft

Key Features

Unique Freehold forward funding Drive Thru and EV Charging investment opportunity.
The freehold will comprise a new build 1,800 sq ft Starbucks Drive Thru, 8 EV charging spaces, 81 car parking spaces and the ground rent from the long leaseholds.
The development will be sold Freehold.
Let to 23.5 Degrees Ltd trading as Starbucks on a new 20-year FRI lease at an initial rent of £100,000 per annum exclusive (£55.55 per sq ft).
The 8 EV Charging spaces are let to E.ON Drive Infrastructure on a new 20 year lease at an initial rent of £24,000 per annum exclusive. Both leases have CPI increases at review.

Property Details

This Development Will Complete The Retail Line Up Of The Site Known As Monks Way Retail Park, Kingswood With The Neighbouring 10 Retail Units And 81 Car Parking Spaces. The Development Will Comprise Of A Single Storey Purpose Built1,800 Sq Ft (168 Sqm) Gross Internal Area Starbucks Coffee Drive Thru With 11 Dedicated Car Parking Spaces, Which Include Two Disabled Bays. There Are Also 8 Ev Charging Spaces Within The Main Freehold, Which Have Been Let Separately.

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About the Agent

Garness Jones Commercial Ltd

See Agent's Other Properties

Investment Unit

£2,075,000 Freehold

Monks Way Retail Park,Wawne Road, Kingston upon Hull, HU7 3NS
Investment - Available
21,345 sq ft
1,983 sqm
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