Commercial property
Investment for sale
McDonald's Prime Long Let Freehold Investment Opportunity For Sale - 18 Haymarket, Norwich

Investment for sale
£3,136,000 / NIY 5.75%
Property > Commercial > Property Investment for sale in Norwich
Summary
  • Norwich serves a strong local regional catchment giving it a PROMIS retail ranking of 13th in the UK, with a projection to see above average population growth in 2019-2024
  • The subject property occupies Norwich’s prime pedestrianised pitch with adjacent occupiers including Primark and Next
  • Freehold
  • Well configured, attractive property providing 4,663 sq ft (NIA basis) over ground and two upper floors with seating areas on both ground and first floors
  • Let to McDonalds Restaurants Ltd until 28th September 2031, giving 10.58 years unexpired
  • McDonalds Restaurants Ltd have a D&B rating of 5A1, an annual turnover of £1.514 billion, profit before tax of £406 million and net assets of £1.112 billion
  • Current rent of £192,000 per annum
  • We are instructed to seek offers in excess of £3,136,000, for our client’s freehold interest, subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 5.75% assuming purchaser’s cost of 6.47%
Done
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