Burger King Drive Through Vale of North Retail Park, Cadoxten Road Neath West Glamorgan SA10 7AY

Burger King Drive Through
Vale of North Retail Park, Cadoxten Road
Neath
West Glamorgan
SA10 7AY

Freehold Drive Through/Restaurant Investment

Let to UnionBurger Limited t/a Burger King until 2023
Situated on the Vale of Neath Retail Park
Neighbouring occupiers include Halfords, Lidl and Topps Tiles
Approximate site area of 0.29 Hectares (0.72 Acres)
On-site car parking for approximately 30 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
29
Auction
26th March 2015
Rent
£60,500 per Annum Exclusive
Status
Sold
Price
£765,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Drive Through/Restaurant Investment

Let to UnionBurger Limited t/a Burger King until 2023
Situated on the Vale of Neath Retail Park
Neighbouring occupiers include Halfords, Lidl and Topps Tiles
Approximate site area of 0.29 Hectares (0.72 Acres)
On-site car parking for approximately 30 cars
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 29
Auction 26th March 2015
Rent £60,500 per Annum Exclusive
Status Sold
Price £765,000
Sector
Restaurant
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 7 miles north-east of Swansea, 46 miles north-west of Cardiff
Roads: A465, A474, M4
Rail: Neath Railway Station
Air: Swansea Airport

Situation

The property is prominently situated at the junction of Cadoxton Road and the B4434, a busy arterial route into Neath town centre. Nearby occupiers on the Vale of Neath Retail Park include Halfords, Lidl and Topps Tiles.

Tenure

Freehold.

Location

Miles: 7 miles north-east of Swansea, 46 miles north-west of Cardiff
Roads: A465, A474, M4
Rail: Neath Railway Station
Air: Swansea Airport

Situation

Tenure

Freehold.

Description

The property comprises restaurant accommodation on the ground floor, benefitting from drive-through facilities and a site area of 0.29 hectares (0.72 acres) with approximately 30 car parking spaces.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Review
Ground	Restaurant	226.21 sq m	(2,435 sq ft)	UNIONBURGER LIMITED (1) (t/a Burger King)	25 years from 26/10/1998 until 2023 on a full repairing and insuring lease	£60,500	26/10/2018
Totals		226.21 sq m	(2,435 sq ft)			£60,500

1) For the year ending 30/03/2014, Unionburger Limited reported a turnover of £10,712,606, pre-tax profits of £896,157 and a total net worth of £371,371. (Source: www.riskdisk.com 29/01/2015)