Restaurants for sale in PE30

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The Eye Portfolio

Retail for Sale
£23,020,000
184,064 sq ft
7 Retail Properties

Portfolio of properties for Sale - Doncaster

The Eye Portfolio comprises a fully let retail warehouse investment portfolio extending to 182,273 sq ft (GIA) across three established regional retail destinations in Doncaster, King's Lynn and Llandudno. The portfolio combines two freehold assets and one long leasehold asset and currently produces a total passing rent of £1,967,596 per annum. The portfolio comprises Thorne Road Retail Park, Doncaster (freehold), St Nicholas Retail Park, King's Lynn (freehold) and the B&Q unit at Mostyn Park, Llandudno (long leasehold). The Llandudno asset is held on a leasehold interest with approximately 86 years unexpired. The freeholder is Mostyn Estates and the ground rent equates to approximately 11% of market rent. The properties are fully occupied by a strong line-up of national retailers including Wickes, B&M, Pets at Home, Iceland, Costa and B&Q. Approximately 93% of the portfolio income is secured against A1 or A2 Dun & Bradstreet rated covenants, providing a strong occupational and covenant profile. The portfolio has a WAULT of 5.7 years to expiry and 5.1 years to break, providing medium-term income security. The total passing rent of £1,967,596 per annum reflects an average rental level of £10.79 per sq ft. Thorne Road Retail Park, Doncaster, comprises 83,422 sq ft and generates a passing rent of £752,095 per annum. The asset has a WAULT of 4.4 years to expiry and 4.3 years to break. At the guide price, the property reflects a capital value of £8,545,000, equating to £102 per sq ft and a net initial yield of 8.25%. St Nicholas Retail Park, King's Lynn, extends to 59,940 sq ft and produces a passing rent of £783,962 per annum. The property has a WAULT of 7.1 years to expiry and 5.8 years to break. The pricing reflects a capital value of £9,745,000, equating to £163 per sq ft and a net initial yield of 7.54%. The B&Q unit at Mostyn Park, Llandudno, provides 38,911 sq ft and generates a passing rent of £431,539 per annum. The leasehold interest has approximately 86 years unexpired and reflects a capital value of £4,730,000, equating to £122 per sq ft and a net initial yield of 8.50%. The asset has a WAULT of 5.0 years to expiry and break. Offers are invited in excess of £23,020,000 for the portfolio as a whole, reflecting an overall net initial yield of 8.00% assuming purchaser's costs of 6.82% and a low average capital value of £126 per sq ft. The assets are also available individually, with separate pricing available upon request.

Contact:

Park Place Retail

Date on Market:

20/07/2026

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FAQs About Restaurants For Sale in PE30

See All Restaurants For Sale

How many restaurants are currently available for sale in PE30?

There are currently 1 restaurant properties available for sale. Sizes range from to , with an average size of.

How much does restaurant property cost in PE30?

The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, trading potential, fit-out quality, size and local demand.

What factors influence restaurant property values?

Location, footfall, visibility, accessibility, seating capacity, kitchen facilities, extraction systems and trading history can all influence value. Properties with established fit-outs or strong trading locations may attract additional buyer interest.

What sizes of restaurant property are available?

Available properties range from to , with an average size of. Opportunities may suit independent operators, expanding hospitality businesses and larger restaurant groups.

What should I consider before buying a restaurant property?

Important considerations include location, customer footfall, visibility, kitchen specification, extraction systems, storage space, licensing requirements, accessibility and future operating costs. Buyers should also assess the property's suitability for their concept and target market.

Can I buy a fully fitted restaurant?

Some restaurant properties are sold with an existing fit-out, including kitchen equipment, extraction systems, seating areas and customer facilities. Others may require refurbishment or a complete reconfiguration before opening.

Do restaurant properties require specific licences?

Depending on the intended operation, licences may be required for alcohol sales, late-night trading or entertainment. Buyers should verify existing licences and understand any local authority requirements before completing a purchase.

Can I change the use of a restaurant property?

Many restaurant properties fall within Use Class E, which may allow flexibility between restaurant, café, retail, office and other commercial uses. However, any proposed change should be confirmed with the local planning authority.

What due diligence should I carry out before buying?

Buyers should review planning permissions, licences, title documents, building condition reports, environmental matters and any existing operational infrastructure. Professional legal and surveying advice is recommended before proceeding.

What additional costs should I budget for?

In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance, refurbishment works and any upgrades required to meet operational or regulatory standards.

Can restaurant properties be attractive investments?

Restaurant properties can generate income through occupational leases and may benefit from strong locations with consistent customer demand. As with any investment, buyers should assess tenant quality, lease terms, local market conditions and long-term growth prospects.

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