Log In/Sign up
Your email has been sent.
Tim Hortons 2 East Av 1,968 sq ft Retail Property Paisley PA1 2FD £1,500,000 (£762.20/sq ft) 6.65% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a popular drive-thru restaurant investment
- Original 20 year lease from 31 October 2018 expiring 30 October 2038
- Let to DPSK Limited (D&B rating of 2A2)
EXECUTIVE SUMMARY
Instructed to seek offers over £1,500,000 (ONE MILLION FIVE HUNDRED THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 6.65% assuming purchaser’s costs of 6.03%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Property Size
1,968 sq ft
Costar Property Class
B
Year Built
2019
Price
£1,500,000
Price per sq ft
£762.20
Yield
6.65%
NOI
£99,750
Tenancy
Single
Number of Floors
1
Plot ratio
0.22
Total Plot Size
0.21 ac
Parking
10 Spaces (5.08 Spaces per 1,000 sq ft Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
1 1
NEARBY MAJOR RETAILERS
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Tim Hortons | 2 East Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.