Costa, Hawker Siddeley Way, Andover Business Park, Andover SP11 8HT
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£1,275,000
Sep 2023
Drive thru investment opportunity located on Hawker Siddeley Way, Andover Business Park, Andover.
Built in 2018, the unit extends to 1,854 sq ft.
The site is 0.22 hectares (0.55 acres) and has 30 customer parking spaces.
The property is let to Costa Ltd on a 15 year term from 10 September 2018.
The passing rent is £77,650 per annum. The rent is reviewed 5 yearly to the increase in Retail Price Index, compounded 5 yearly with annual collar and caps of 1% and 3% respectively.
Offers sought in excess of £1,275,000 (One Million Two Hundred & Seventy Five Thousand Pounds), a purchase at this price would reflect a net initial yield of 5.75%, assuming costs of purchase of 6.0%.
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