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Bewiched Coffee Roundhouse Way

1,600 SF 4-Star Retail Building Wellingborough NN8 1NA $1,270,567 ($794/SF) 5.62% Cap Rate

Investment Highlights

  • Retail investment forward funding opportunity
  • Drive through development is located on a key roundabout
  • Let to Bewiched Limited

Executive Summary

Offers are invited at a figure of £1,000,000 exclusive which equates to a net initial yield of 5.62% assuming purchaser’s costs of 6.8%.
It is anticipated that the purchaser could benefit from savings in SDLT by way of a phased payment of the purchase price. Further detail available from the agents.
Bewiched Limited have entered into an agreement to lease which will be completed in 5 working days of practical completion of construction of the building. The lease will be for a
period of 15 years at an introductory rental of £60,000 per annum exclusive incorporating 5 yearly upward only rent reviews. The lease will be drawn up on full repairing and insuring basis.
A standalone drive through retail unit of 1,600 sq ft (148.64 sq m) to be built to Bewitched’s specific requirements on a fully landscaped site of 0.49 acres (0.19 ha) with onsite car parking for up to 17 vehicles.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
1,600 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
$1,270,567
Price Per SF
$794
Cap Rate
5.62%
NOI
$71,406
Tenancy
Single
Building Height
1 Story
Land Acres
20.79 AC
Parking
15 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
93 FT on Driver Way

Nearby Major Retailers

ALDI
Sam's Chicken
Heron Foods
Barclays Bank
Costa Coffee
Iceland
YMCA
Santander
eurochange
Lounges
  • Listing ID: 26626036

  • Date on Market: 9/14/2022

  • Last Updated:

  • Address: Roundhouse Way, Wellingborough NN8 1NA

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