KFC Drive Thru, Upton Way, Sixfields Leisure Park, Northampton, NN5 4EG
Franck Steier Price has recently completed the sale of a drive thru restaurant investment on behalf of CBRE Global Investors.
The restaurant was located on the established Sixfields Leisure Park on the outskirts of Northampton town centre opposite Northampton Town’s football ground. The 1990’s unit extended to 3,097 sqft.
The unit is let to Alderforce Ltd, a KFC franchise. The original lease dates back to March 1995 with a lease expiry of March 2020. The current rent passing is £80,560 per annum (£26 per sqft).
The investment sold for £1,350,000 which reflected a net initial yield of 5.64% after purchaser’s costs of 5.80%.
The property was purchased by a private investor who were represented by DTZ.