KFC Drive Thru Chester Way Northwich Cheshire CW9 5GF

  • KFC Drive Thru<br>Chester Way<br>Northwich<br>Cheshire<br>CW9 5GF

KFC Drive Thru
Chester Way
Northwich
Cheshire
CW9 5GF

Freehold Purpose Built Drive-Thru Investment

  • Let to Scotco Restaurants Limited until September 2035 (no breaks) t/a KFC
  • Tenant currently assigning the lease to Clokken Ltd with KFC GB Ltd as guarantor (2)
  • KFC in occupation for in excess of 20 years
  • Drive Thru and Restaurant with 26 car spaces
  • Site area of approx. 0.18 Ha (0.44 Acres)
  • Rent Reviews in 2025 and 2030
  • Excellent access to road communications
  • Nearby occupiers include Tesco Superstore, B&M, Currys, B&Q and Screwfix
  • Lot
    7
  • Auction
    27th March 2024
  • Rent
    £85,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    £1,350,000
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Purpose Built Drive-Thru Investment

  • Let to Scotco Restaurants Limited until September 2035 (no breaks) t/a KFC
  • Tenant currently assigning the lease to Clokken Ltd with KFC GB Ltd as guarantor (2)
  • KFC in occupation for in excess of 20 years
  • Drive Thru and Restaurant with 26 car spaces
  • Site area of approx. 0.18 Ha (0.44 Acres)
  • Rent Reviews in 2025 and 2030
  • Excellent access to road communications
  • Nearby occupiers include Tesco Superstore, B&M, Currys, B&Q and Screwfix
  • Lot 7
  • Auction 27th March 2024
  • Rent £85,000 per Annum Exclusive
  • Status Available
  • Guide* £1,350,000
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
20 miles south-west of Manchester, 23 miles south-east of Liverpool
Roads
A533, A559, M56, M6
Rail
Northwich Rail Station
Air
Manchester International Airport
Situation

Northwich lies approximately 13 miles north of Crewe and 20 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from excellent road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway.

The property is situated on the north side of Chester Road (A559) which links Northwich town centre to the west and the A556 to the east. Neighbouring occupiers include The Clock Tower Public House, Evans Halshaw Ford Car Sales and Howarth Timber & Buildings supplies whilst other occupiers in the immediate area include Tesco Superstore, B&M, Currys, B&Q and Screwfix.

Tenure

Freehold.

Location
Miles
20 miles south-west of Manchester, 23 miles south-east of Liverpool
Roads
A533, A559, M56, M6
Rail
Northwich Rail Station
Air
Manchester International Airport
Situation

Northwich lies approximately 13 miles north of Crewe and 20 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from excellent road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway.

The property is situated on the north side of Chester Road (A559) which links Northwich town centre to the west and the A556 to the east. Neighbouring occupiers include The Clock Tower Public House, Evans Halshaw Ford Car Sales and Howarth Timber & Buildings supplies whilst other occupiers in the immediate area include Tesco Superstore, B&M, Currys, B&Q and Screwfix.

Tenure

Freehold.

Description

The property comprises a modern purpose built, single storey drive-thru with indoor and outdoor seating areas. The property benefits from a total site area of 0.18 Ha (0.44 Acres) with a drive-thru road for vehicles, 26 customer parking spaces and a low site coverage.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a modern purpose built, single storey drive-thru with indoor and outdoor seating areas. The property benefits from a total site area of 0.18 Ha (0.44 Acres) with a drive-thru road for vehicles, 26 customer parking spaces and a low site coverage.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx. sq. m. (GIA)
Floor Areas
Approx. (sq. ft.) (GIA)
Tenant Term Rent p.a.x. Rent Review
Ground
First
Retail
Ancillary
282.05
(3,036)
SCOTCO RESTAURANTS LTD
t/a KFC
(1) (2)
A term of years from 29/09/2000 until 28/09/2035
(4)(5)
£85,000
29/09/2025
29/09/2030
(3)
Total  
282.05
(3,036)
(3)
   
£85,000
 

(1) Scotco Restaurants Ltd is a nationwide KFC Franchisee being established in 1995 and is wholly owned by EG Group Ltd. For the year ending 31/12/2022 Scotco Restaurants Ltd reported a Turnover of £161,549,258, a Pre-Tax Profit of negative £3,747,634 and a Net Worth £19,023,092 (NorthRow 26/02/2024). KFC is an international fast food restaurant chain with over 24,000 locations globally and over 1,000 in the UK (www.kfc.com).
(2) The tenant, Scotco Restaurants Ltd, is currently seeking to assign their lease to Clokken Ltd (CRN 15217100) with a guarantee from Kentucky Fried Chicken (Great Britain) Ltd (CRN 00967403). It is anticipated the lease will be assigned prior to completion of the sale, further details are available within the solicitors legal pack. For the year ending 25/12/2022 Kentucky Fried Chicken (Great Britain) Ltd (CRN 00967403) reported a Turnover of £284,274,000, a Pre-Tax Profit of £89,927,000 and a Net Worth of £330,478,000 (North Row 27/02/2024).
(3) For the purposes of the rent review the floor areas are assumed to be 2,550 sq ft. Please see the lease for further information.
(4) The lease runs for a term until 28/09/2035 by virtue of a reversionary lease from 29/09/2025 for a term of 10 years.
(5) The lease provides for a rent free period until 28/09/2024, the Seller will pay to the buyer the rent that would have been due from completion of the sale until the end of the rent free period.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    19.03.24
    File Size
    28 MB
    Login to View
  • Brochure
    Updated Date
    04.04.24
    File Size
    4 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

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Forsters LLP 22 Baker Street
London
W1U 3BW
Sam Delahay +44(0)20 7399 4715Sam.Delahay@Forsters.co.uk

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