Property description

This development will complete the retail line up of the site known as Monks Way Retail Park, Kingswood with the neighbouring 10 retail units and 81 car parking spaces.

The development will comprise of a single storey purpose built1,800 sq ft (168 sqm) gross internal area Starbucks Coffee Drive Thru with 11 dedicated car parking spaces, which include two disabled bays. There are also 8 EV charging spaces within the main freehold, which have been let separately.

Property features

• Unique Freehold forward funding Drive Thru and EV Charging investment opportunity.
• The freehold will comprise a new build 1,800 sq ft Starbucks Drive Thru, 8 EV charging spaces, 81 car parking spaces and the ground rent from the long leaseholds.
• The development will be sold Freehold.
• Let to 23.5 Degrees Ltd trading as Starbucks on a new 20-year FRI lease at an initial rent of £100,000 per annum exclusive (£55.55 per sq ft).
• The 8 EV Charging spaces are let to E.ON Drive Infrastructure on a new 20 year lease at an initial rent of £24,000 per annum exclusive. Both leases have CPI increases at review.