McDonalds Drive Thru Enterprise 5 Retail Park Bradford West Yorkshire BD10 8EG

McDonalds Drive Thru
Enterprise 5 Retail Park
Bradford
West Yorkshire
BD10 8EG

Modern Drive-Thru Investment

  • Let to McDonald’s Restaurants Ltd until 2047
  • New Reversionary Lease signed with over 29 years term certain (no breaks)
  • Forms part of Enterprise 5 Retail Park
  • Nearby occupiers include Morrisons, Pets at Home, Poundstretcher and Peacocks
  • Lot
    4
  • Auction
    5th December 2018
  • Rent
    £64,950 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,300,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Morrisons Plc
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Modern Drive-Thru Investment

  • Let to McDonald’s Restaurants Ltd until 2047
  • New Reversionary Lease signed with over 29 years term certain (no breaks)
  • Forms part of Enterprise 5 Retail Park
  • Nearby occupiers include Morrisons, Pets at Home, Poundstretcher and Peacocks
  • Lot 4
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £1,300,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Morrisons Plc

Property Information

Location
Miles
3 miles north of Braford city centre
10 miles west of Leeds
Roads
A658, A6177, A650
Rail
Bradford Interchange
Air
Leeds Bradford Airport
Situation

The property is prominently situated 3 miles north of Bradford city centre on Bradford Road and forms part of the established Enterprise 5 Retail Park. The park contains a parade of 12 retail units adjoining a major Morrisons superstore, petrol filling station and a shared car park for 832 vehicles. Additional occupiers include Pets at Home, Poundstretcher, Peacocks, Specsavers, and Pure Gym.

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Location
Miles
3 miles north of Braford city centre
10 miles west of Leeds
Roads
A658, A6177, A650
Rail
Bradford Interchange
Air
Leeds Bradford Airport
Situation

The property is prominently situated 3 miles north of Bradford city centre on Bradford Road and forms part of the established Enterprise 5 Retail Park. The park contains a parade of 12 retail units adjoining a major Morrisons superstore, petrol filling station and a shared car park for 832 vehicles. Additional occupiers include Pets at Home, Poundstretcher, Peacocks, Specsavers, and Pure Gym.

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Description

The property comprises a modern purpose built, single storey drive-thru with indoor and outdoor seating areas. The property benefits from the use of the shared estate customer parking during normal business hours.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Description

The property comprises a modern purpose built, single storey drive-thru with indoor and outdoor seating areas. The property benefits from the use of the shared estate customer parking during normal business hours.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band B. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Restaurant/
Ancillary
227.05 sq m
(2,440 sq ft)
MCDONALD’S
RESTAURANTS
LIMITED (1)
50 years from
22/12/1997
expiring in
21/12/2047 (2) on
a full repairing
and insuring
lease
£64,950 22/12/2022
and five yearly
Total
227.05 sq m
(2,440 sq ft)
    £64,950  

(1) For the year ending 31st December 2017, McDonald’s Restaurants Ltd reported a turnover of £1,593,489,000, pre-tax profits of £341,009,000 and a total net worth of £1,332,438,000 (Source: Experian Group 01/11/2018).
(2) The current lease is for a term of 25 years expiring 21/12/2022, however a reversionary lease has been signed from 22/12/2022 for a further 25 years until 21/12/2047. McDonald’s Limited will benefit from a 12 month rent free period from 01/12/2018. The seller has agreed to adjust the completion monies so that the unit will effectively produce £64,950 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    28.10.19
    File Size
    597 KB
    View PDF
  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds Sutherland Bridgewater Place, Water Lane
Leeds
LS11 %DR
Susan Ledger 0113 200 4674susanledger@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now