For Sale KFC Wyvern Retail Park Wyvern Way Derby DE21 6RS Prominent Freehold Drive Thru Investment February 2019

08449 02 03 04 avisonyoung.co.uk/14825

KFC, Wyvern Retail Park, Wyvern Way, Derby, DE21 6RS

Overview

Located on the established Wyvern Retail Park adjacent to Pride Park Stadium.

Let to Gastronomy Foods UK Ltd t/a KFC until 20 November 2027 at £71,050 p.a.x.

Rent review 24 June 2022. No breaks.

Lease guaranteed by Kentucky Fried Chicken (Great Britain) Ltd until 23 June 2022 and LARS (GFUK) Holdings Ltd until expiry.

Local occupiers include Costco, Travelodge, Boots, Halfords, Pizza Hut and Burger King.

Offers invited in excess of £1,300,000.

Location Derby is located approximately 13 miles west of Nottingham, 30 miles north west of

Leicester and 42 miles north east of Birmingham.

Wyvern Retail Park is accessed off the A52 Brian Clough Way which provides direct

access to the wider East Midlands region and UK motorway network. The property

occupies a prominent position within Wyvern Retail Park on Wyvern Way and is

approximately 1 mile (or 15 minute walk) from Derby Railway Station.

Local occupiers include Costco, Travelodge, Boots, Halfords, Pizza Hut and Burger

King.

KFC, Wyvern Retail Park, Wyvern Way, Derby, DE21 6RS

Description Property comprises a modern, single storey restaurant and ‘Drive Thru’ surmounted by a

flat roof with a mix of clad brick and glazed elevations.

‘Drive Thru’ is located to the southern elevation incorporating a shelter and customer

serving window. Vehicular access and car parking is provided to the rear of the

property.

Internally the property comprises open plan customer seating area, serving counter and

WCs with ‘fit out’ in line with the operational requirements of the tenant. To the rear

there is a kitchen, food preparation area, ‘Drive Thru’ counter, ancillary storage, small

office and staff room. The property benefits from air conditioning throughout.

The property has an EPC rating of 76 (D).

Floor Areas We have calculated the Gross Internal Area of the property as follows:

Site Area: 0.69 acres (0.28 Ha)

Tenancy Let to Gastronomy Foods UK Ltd t/a KFC on a Full Repairing and Insuring

basis expiring 20 November 2027 at a passing rent of £71,050 p.a.x. Please

see tenancy schedule below for more information.

Further lease and covenant information is available within the Marketing

Pack.

Tenant Gastronomy Foods UK Ltd t/a KFC (co. reg. no. 05612486)

Covenant Creditsafe Rating ‘B’ (67/100)

Demise KFC, Wyvern Retail Park, Wyvern Way, Derby DE21 6RS

Term c.25 years from 24 June 2002 expiring 20 November 2027

Rent Passing £71,050 p.a.x. plus VAT

Break Option No break

Rent Review 24 June 2022

Guarantors Kentucky Fried Chicken (Great Britain) Ltd until 23 June 2022 and LARS (GFUK) Holdings Ltd until expiry

Floor Use Sq m Sq ft

Ground Seating area 138.15 1,487

Kitchen and Ancillary 131.36 1,414

Office / ‘Drive Thru’ 8.80 95

Fridge/Freezer 11.89 128

Total 290.20 3,124

KFC, Wyvern Retail Park, Wyvern Way, Derby, DE21 6RS

Tenure Freehold (Title no. DY354608).

Asking Price Offers in excess of £1,300,000 invited for

the freehold interest.

VAT All prices are quoted exclusive of VAT.

Costs Each party will bear their own costs in

respect of the transaction.

Marketing Pack A copy of the full Marketing Pack is

available upon request.

Planning We understand the property has planning

consent for its existing use being A3

(Restaurants and Cafes).

Interested parties should rely on their own

enquiries with Derby City Council.

Rating Assessment Billing Authority: Derby Description: Restaurant and premises Rateable Value: £81,500 Rates Payable: £40,179.50 (UBR for 2018/19 is 49.3p in £)

Services We understand all mains services are

connected however none have been

tested.

Interested parties should rely on their own

enquiries.

Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent Avison Young is )in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do

not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and

occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.

(3) No person in the employment of Avison Young, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure.

(4) All prices quoted are exclusive of VAT. (5) Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any

elements of the brochure which were prepared solely by third parties, and not by Avison Young.

For further information please contact:

Avison Young 3 Brindleyplace, Birmingham B1 2JB

Avison Young is the trading name of GVA Grimley Limited. © 2019 GVA Grimley Limited

Joe Hanlon 0121 609 8103 Joe.hanlon@avisonyoung.com

Toby O’Sullivan 0121 609 8084 Toby.osullivan@avisonyoung.com

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