We have recently acquired a drive-thru investment on Pencoed Business Park at Bridgend for a figure of £1.8m reflecting 5.13% net.

Sitting adjacent to junction 35 of the M4 close to occupiers including McDonald’s, Premier Inn, Texaco and Sony, upon completion, the property will extend to 1,820 sq ft on a site of .66 acre.

Starbucks will occupy the property under the terms of a new 15 year lease at an initial rent of £98,000 pa which is subject to review 5 yearly to RPI caped and collared at 3% and 1% respectively. 

Cushman and Wakefield represented the vendor.