34 Parade, Leamington Spa, Warwickshire, CV32 4DN
A Restaurant Investment in Leamington Spa
Sold prior to auction, for an undisclosed amount
A Freehold Prime Restaurant Investment Current Gross Income: £90,500 pa.
Property DescriptionThe property comprises a prominent mid parade retail property trading as McDonald’s under their usual corporate fit out. There is access to the rear for deliveries via the service yard.
LocationRoyal Leamington Spa is a prosperous town in south Warwickshire, very well located being approximately 18 miles south east of Central Birmingham and 30 minutes from Birmingham International Airport. The town is in close proximity to the M40 (Junctions 13-15), providing rapid access to the Midlands Motorway Network. Leamington Spa additionally benefits from a high speed Chiltern Mainline Rail Services to Birmingham and London Marylebone.
Birmingham International Airport is situated 19 miles north west of the town centre and provides national and international flights to over 150 destinations. The airport is accessible via the A452/A45 with a journey time of approximately 45 minutes or via a direct train service in 23 minutes.
The property occupies a prime position along The Parade in the centre of Leamington Spa Town Centre, and nearby occupiers include Tesco, WH Smith, Boots and House of Fraser.
Energy Performance RatingSee legal pack.
TenureFreehold – Subject to the existing tenancy.
Tenancy DetailsThe property is let in its entirety to McDonald’s Real Estate LLP on a 15 year lease from 24/06/2017 and expiring on 23/06/2032 at a passing rent of £90,500. There are no break clauses and a rent review on 24/06/2022, to open market value or a minimum of £80,000 pa.
Value Added TaxWe understand that VAT is payable on this transaction.
Auctioneer's NoteMcDonald's is the worlds largest restuarant chain, serving over 69 million customers daily in over 100 countries. They are the second-largest private employer in the world and have the ninth highest global brand valuation, only just behind companies such as Apple and Amazon. McDonald's is one of the most recognised and respected brands in the world. Within the UK, McDonald's has more than 1,270 restaurants and employs more than 120,000 people.
ViewingsStrictly by appointment with the Auctioneers.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
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