McDonald's Pentewan Road St Austell Cornwall PL25 5BU

McDonald's
Pentewan Road
St Austell
Cornwall
PL25 5BU

Modern Freehold Drive-Thru Restaurant

Entirely let to McDonald’s Restaurants Limited on a 35 year lease until 2035 (no breaks)
Located opposite Pentewan Road Retail Park
Prominent corner position fronting busy A390
Nearby occupiers include KFC, Travelodge, Costa Coffee, B&Q and Texaco
On-site car parking for approximately 32 cars

Lot
6
Auction
27th March 2014
Rent
£78,500 per Annum Exclusive
Status
Sold
Price
£1,320,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Modern Freehold Drive-Thru Restaurant

Entirely let to McDonald’s Restaurants Limited on a 35 year lease until 2035 (no breaks)
Located opposite Pentewan Road Retail Park
Prominent corner position fronting busy A390
Nearby occupiers include KFC, Travelodge, Costa Coffee, B&Q and Texaco
On-site car parking for approximately 32 cars

Lot 6
Auction 27th March 2014
Rent £78,500 per Annum Exclusive
Status Sold
Price £1,320,000
Sector
Restaurant
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 33 miles east of Newquay, 39 miles west of Plymouth, 69 miles west of Torquay
Roads: A390, A391
Rail: St Austell Rail
Air: Exeter International Airport, Newquay Cornwall Airport

Situation

The property is situated in a prominent corner location fronting the roundabout where Trevanion Road (A390) meets Pentewan Road just south of St Austell town centre. The property lies adjacent to Travelodge, KFC, Costa and Bathstore and opposite B&Q which forms part of Pentewan Road Retail Park, St Austell’s premier retail park.

Tenure

Freehold.

Location

Miles: 33 miles east of Newquay, 39 miles west of Plymouth, 69 miles west of Torquay
Roads: A390, A391
Rail: St Austell Rail
Air: Exeter International Airport, Newquay Cornwall Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern purpose built 24-hour drive-thru restaurant and benefits from on-site parking for approximately 32 cars.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a modern purpose built 24-hour drive-thru restaurant and benefits from on-site parking for approximately 32 cars.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Restaurant/Ancillary	284.93 sq m	(3,067 sq ft)	MCDONALD’S RESTAURANTS LIMITED (1) (2)	35 years from 25/03/2000 until 24/03/2035 on a full repairing and insuring lease	£78,500	23/03/2015 and five yearly thereafter
Totals		284.93 sq m	(3,067 sq ft)			£78,500

(1) For the year ending 31st December 2012, McDonald’s Restaurants Limited reported a turnover of £1,317,594,000, pre-tax profits of £202,214,000 and a total net worth of £643,048,000. (Source: www.riskdisk.com 21/02/2014).
(2)The property has been sub-let to White Rose UK Limited, a McDonald’s franchisee.