Family Trust clients of ours have recently acquired a Burger King restaurant opposite the Royal Welsh showground at the junction of the main A470 and A483 trunk roads on the outskirts of the popular market town of Builth Wells.
The detached, single storey building which extends to 2,840 sq ft on a site of 1 acre, is let to Euro Garages Ltd, with a guarantee from EG Group Ltd, on a lease expiring in December 2042. The passing rent of £71,575 is subject to annual reviews based on 2.25%.
The purchase price was £1.4m reflecting a net return of 5%. The vendor was represented by FSP.