Property overview

Burger King Drive-Thru, 6 Square Road, Halifax, HX1 1QG

sold

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£620,000
Jun 2012

FSP and Allsop have recently completed the sale of a Drive-Thru investment in Halifax for Foundation UK Property.

FSP and Allsop have recently completed the sale of a Drive-Thru investment in Halifax for Foundation UK Property.

Located in Halifax town centre adjacent to the Woolshops Shopping Centre the property extends to 2,561 sq.ft with 22 car parking spaces.

The property is let to QFG Quickserve Ltd for a term of 25 years from 29 September 1995.  The lease is held on full repairing and insuring terms with five yearly upward only rent reviews.  The current rent is £55,220 per annum.

The property sold for £620,000 which reflected a net initial yield of 8.42%.  The purchaser, a private investor, was represented by Parker & Company.