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Somerby Way, Somerby Park, Gainsborough, DN21 1QT

  • Investments
  • 1,846 sq ft
  • For Sale
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Under Offer
Property Type Investments
Tenure For Sale
Size 1,846 sq ft
Price Offers in excess of £1,395,000
Business Rates Upon Enquiry
Energy Performance Rating This property has been graded as A

Long Income Roadside Investment

Key Features

  • New unbroken 15 year lease
  • Low commencing rental of £85,000 pa
  • Prominent location adjacent to the A631
  • EPC A
  • Let to KBeverage Limited T/A Starbucks
  • Five yearly rent reviews to OMV with a collar & cap of 1% & 3% pa compounded annually
  • Seeking offers in excess of £1,395,000
  • A purchase at this level reflects an initial yield of 5.75% subject to purchaser’s costs of 5.8%

Description

The property comprises a brand-new, purpose-built, stand-alone, Starbucks Drive-Thru restaurant of 1,846 sq ft. The property is constructed with a mix of composite panels, timber cladding and a large glazed frontage underneath a flat roof.

Internally the unit is currently being fitted out in the Starbucks corporate style and will have contemporary customer seating and restroom areas. In addition to this there are staff offices and associated welfare and storage areas. Externally the property has tarmacked car parking spaces, including EV charging bays, a drive thru lane and prominent signage. Sustainability is a key focus of Starbucks’ construction approach, with the property incorporating environmentally friendly materials, water-saving fixtures, and energy efficient design elements. The building has 30 roof mounted PV Panels.

The property has an EPC rating of A.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Unit - Drive-Thru 1,846 171.50 Let
Total 1,846 171.50

Location

Gainsborough is a thriving Lincolnshire market town, positioned along the River Trent, and is the administrative centre for West Lindsey District Council.

The town has good access to the motorway network with the A631 leading to the A1(M) and M18 to the west and the M180 to the north.
Rail services link into the East Coast Mainline providing services to London KX, Leeds, York and Hull via Retford and Doncaster. Major businesses located in the town include PING, EMINOX, Meditrade and Regal Manufacturing.