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Unit 2 Broadland Gate 1,800 sq ft 100% Let Retail Property Brundall NR13 5HB £2,380,000 (£1,322.22/sq ft) 6.41% Net Initial Yield
Investment Highlights
- Brand new purpose built drive-thru
- Total rent of £152,500 per annum.
- 20 year lease to BK UK DevCo Limited with a guarantee from BK Group Limited
Executive Summary
The property is let by way of a lease to BK UK DevCo Limited with a guarantee from BK Group Limited for a term of 20 years from 1st August 2025, expiring 31st July 2045 at a current rent of £130,000 per annum (£72 psf) The rent is reviewed 5 yearly to OMV with the next review taking place on 1st August 2030. Burger King have started their onsite fit out with store opening aiming for April 2026. Additionally there is a separate lease to Zood Infrastructure Limited for a term of 20 years & 6 months from 12th September 2025 expiring 11th March 2046, producing a current rent of £22,500 per annum. The rent is reviewed to uncapped CPI‘s annually. Total current rent of £152,500 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Property Size
1,800 sq ft
Costar Property Class
C
Year Built
2022
Price
£2,380,000
Price per sq ft
£1,322.22
Yield
6.41%
NOI
£152,500
Occupancy Rate
100%
Number of Floors
1
Plot ratio
0.08
Total Plot Size
0.54 ac
Parking
22 Spaces (12.22 Spaces per 1,000 sq ft Leased)
Frontage
55 ft on Broadland
1 1
Nearby Major Retailers
1 of 5
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Unit 2 | Broadland Gate
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