Costa, Dunball, Bridgwater, Somerset TA6 4TB
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Drive thru investment opportunity, Dunball, Bridgwater. Located 400m from Junction 23 of M5 the property is part of Dunball Services.
Other occupiers include Shell, BP, Asda Express, Greggs, Starbucks, Subway, KFC & McDonalds. The site’s entrance is off Dunball Roundabout adjoining the existing Shell/Budgens development.
There are over 29,000 vehicle movements daily on Dunball Roundabout.
The property is a purpose built drive thru restaurant completed in February 2024 and opened on 1 March 2024. The unit is 167 sqm (1,820 sq ft) and has 31 car spaces including two disabled bays and an EV charging space.
The self contained site is 0.20 hectares (0.50 acres).
The property has an EPC rating of A-21.
Let to Costa Ltd on a 15 year term from 5 February 2024. The passing rent is £105,000 per annum and payable monthly. The rent is reviewed 5 yearly to the increase in Consumer Price Index, compounded 5 yearly with annual collar and caps of 1% and 4%.
We are instructed to seek offers in excess of £1,750,000 (One Million Seven Hundred & Fifty Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial of 5.65% assuming costs of purchase of 6.22%.
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