Starbucks Drive Thru Investment Sale
FG Burnett are delighted to be instructed on the sale of the investment of the new Starbucks Drive Thru at Blackburn. Dave MacLeod is handling the sale on behalf of Westpark, after Richard Noble acted on the pre-let of the development to the coffee giant. Dave is sure this will appeal to private investors seeking to secure long term income.
Dave said “This is a rare opportunity to acquire an investment in one of the UK’s fastest growing sectors and the fundamentals are excellent – a roundabout location on one of the region’s main trunk roads, a location which will be enhanced by the AWPR, a lease to Starbucks until 2032 and fixed uplifts at review. We are seeking offers in excess of £1.125 Million exclusive, which shows an attractive net initial yield of 6.5% and we anticipate really good interest in this opportunity“.