Moffatt Scott have been appointed to dispose of a Prime Roadside Investment Opportunity on behalf of James Saunders and Michael Lennon of KR8 Advisory Ltd acting in their capacity as Joint Administrators.

We would draw your attention to the below salient points:

• Located 14 miles south of Grantham and 22 miles north of Peterborough
• Situated adjacent to Northbound carriageway of A1 Great North Road
• Annual Average Daily Flow 44,702 vehicles (A1 Northbound 2025) and A1
• Comprising 2 Drive Thru and 2 Drive To units
• EPC Ratings A and A+
• Tenants include Costa Ltd, Blank Table Ltd t/a Wendy’s and Loungers UK Ltd t/a Brightside
• All rents subject to 5 yearly, RPI linked rent reviews with caps and collars
• 1 vacant Drive To unit with Estimated Rental Value of £22,500 pa
• Conditional terms agreed with EV operator Believ Ltd at initial rent of £24,000 pa
• Total Contracted Rent £340,000 pa
• Seeking offers in excess of £4,100,000 subject to contract and exclusive of VAT
• Net Initial Yield 7.78% (after purchaser’s costs of 6.56%)
• Reversionary Yield of 8.85% on letting vacant unit and EV Bays (after purchaser’s costs of 6.56%).

Should you have any questions in connection with this opportunity please do not hesitate to contact either Andrew or Jamie.

Please note Finance may be available.