KFC, Penn Road Retail Park, Penn Road, Wolverhampton WV2 4NJ
- A purpose built Drive-Thru restaurant, trading as KFC
- Prominently located fronting Penn Road and Marston Road
- Let to the strong covenant of Kentucky Fried Chicken (GB) Ltd for an unexpired term of 12.5 years
- Established out of town location with surrounding occupiers including Waitrose, Shell, Screwfix and McDonald’s
- Current passing rent of £91,200 pa (c.£28.50 psf) subject to open market reviews
We are instructed to seek offers in excess of £1,433,000, (One Million, Four Hundred and Thirty Three Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.00%, assuming purchaser’s costs of 6.07%.