KFC investment featured-01

Status: Sold

Terms: Sold

Price: £1,433,000

Yield: 6.00%

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
  • Freehold

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%.

Drive-Thru Investment Opportunity - Wolverhampton

122A Penn Rd, Wolverhampton WV3 0DR, UK
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