retail property advisors

Llanelli

Llanelli investment
Sold
Asking price
£2,150,000
Net initial yield
6.23%
Passing rent pa
£143,000

Starbucks Drive-thru over 18 years to lease expiry (January 2040) with fixed increases

Starbucks, Parc Pemberton Retail Park

  • Long lease to Magic Bean Company Ltd & Zood Infrastructure Limited
  • Leases expiry January 2040
  • Magic Bean lease has fixed increases 0-5 £125,000, 5-10 £130,000, 10-15 £135,000, and 15-20 £140,000
  • Total Initial Rent £143,000
  • New build opened in January 2020
  • Modern Drive Thru design
  • Major Retail Provision of Circa 660,000 sq ft in close proximity
  • Price £2,150,000 (Two Million One Hundred and Fifty Thousand Pounds) 
  • Net initial Yield 6.23% after purchase costs of 6.80%
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