Hot Bidding on Starbucks
FG Burnett is delighted to have acted on the sale of the Starbucks Drive Thru investment at Westpark, Blackburn, on behalf of South Fornet Estates. The coffee giant opened at Blackburn at the end of 2017 and the concept is proving extremely popular – the high profile roundabout location on the A96 has been a huge hit.
Dave Macleod of FG Burnett acted on behalf of South Fornet Estates and said “We had 8 bids at the closing date from investors across the UK, testimony to their belief in a sector which is growing quickly, both in terms of existing operators and new entrants. The combination of international tenants and long leases is a compelling one for private investors and the strength of the bidding reflected that. Our client has two further development sites available at Westpark and we believe that these will prove attractive to complementary uses.”
Eric Young and Co advised a private client on the acquisition.