McDonalds, Wolverhampton
50 Dudley Road, Wolverhampton, UKBasic Facts
Property ID: 17872 | Post Updated: 2023-12-05 16:57:13 |
Status: Acquired | Type: Restaurant |
Tenure: Freehold | Area: 10462 sq ft |
Gross Rent: £ 210,000 | Lease Term Expiry Date: 01/05/36 |
Years left on Lease: 12 | VAT applicable: Yes |
Property Description
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Freehold restaurant investment of 10,462 sq ft over ground & 1st floor
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Let to McDonalds Restaurants Ltd (£1.5 Billion turnover)
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Whole property is let to McDonalds Restaurants Ltd on a FRI basis expiring May 2036. Tenant break option in 8 years.
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Current Rent is £165k – fixed increase to £210k per annum in Dec 2023 (rent will be topped up so you receive £20k from completion).
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Property is located on the busy pedestrianised high street of Wolverhampton
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Walsall has a population of 210,000 whilst the borough is 274,000 and over 3.4 million people in the west midlands conurbation
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VAT Applicable – TOGC will not be applicable but recoverable if buying with a VAT registered company.