Unit 1 Hernston Retail Park
Bridgend
Mid Glamorgan
CF31 3ND

Freehold Drive-Thru Investment

  • Let to Kentucky Fried Chicken (Great Britain) Limited
  • Lease expires June 2024 (no breaks)
  • Upcoming Rent Review in June 2019
  • Car parking for 25 cars
  • Nearby occupiers include Lidl, Homebase and Tesco Extra
  • Prominent trading location fronting A48 and forming part of Hernston Retail Park
  • Lot
    4
  • Auction
    04/Apr/2019
  • Rent
    £66,300 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,010,000
  • Sector
    Leisure
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • Unit 1 Hernston Retail Park<br>Bridgend<br>Mid Glamorgan<br>CF31 3ND
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* More information on the term "price" can be found here

Property Information

Location
Miles
18 miles west of Cardiff, 29 miles south-east of Swansea
Roads
A48, A473, M4 (Junction 36)
Rail
Bridgend Railway Station
Air
Cardiff Airport
Situation

The property is situated on the established Hernston Retail Park, to the south of the A48, which connects to the M4. Nearby occupiers include Lidl, Pets at Home, Wickes, Halfords, Homebase, McDonald’s, Kwik Fit, B&M, Next and Tesco Extra.

Tenure

Freehold.

Description

The property comprises a purpose built drive-thru providing a ground floor restaurant with ancillary accommodation on the first floor. The property benefits from customer parking for 25 cars.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground/
First
Restaurant/Ancillary
238.20 sq m
(2,564 sq ft)
KENTUCKY FRIED
CHICKEN (GREAT
BRITAIN) LIMITED
(1) t/a KFC
25 years from
24/06/1999 until
23/06/2024 on a full
repairing and
insuring lease
£66,30024/06/2019
Total
238.20 sq m
(2,564 sq ft)
  £66,300 

(1) For the year ending 24th December 2017, Kentucky Fried Chicken (Great Britain) Limited reported a turnover of £445,783,000, pre-tax profits of £186,160,000 and a total net worth of £432,977,000 (Source: Experian Group 27/02/2019) The property is sublet to a franchisee.

Property Documents

  • Catalogue Page
    Updated Date
    10.04.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    10.04.19
    File Size
    907 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Thrings LLP The Paragon, Counterslip
Bristol
Avon
BS1 6BX
Robert Barnes 0117 930 9537rbarnes@thrings.com

Useful Links

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