Costa, Dunball, Bridgwater, Somerset TA6 4TB
sold
£1,750,000
Nov 2024
Acting on behalf of a Forelle Estates Ltd, AP Investment has recently sold a Costa drive thru investment in Bridgwater which forms part of Dunball Services at Junction 23 of the M5.
Located on the Dunball Roundabout the new Costa drive thru is a 0.5 acre self contained site overlooking other operators such as Shell, Greggs, Starbucks, BP, KFC and Subway.
The property is let on a 15 year lease from February 2024 and has 5 yearly CPI rent reviews with an annual collar & cap of 1% & 4%.
The property was sold for £1,735,000, reflecting an initial yield of 5.7%.
The purchaser was represented by Metis Real Estate.
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