1 Station Road, Reading, RG
Long income restaurant investment let to Wendy’s Restaurants of UK Limited until October 2040 (TOB break 2035 with 9 month penalty)
Current rent passing of £117,500 pa with five yearly rent reviews to the higher of RPI (cap and collar of 1.5% – 3%) or OMV
Virtual Freehold
Arranged over ground floor and basement only measuring approximately 2,775 Sq Ft (Uppers floors are not included in the sale)
Wendy’s is the world’s third largest hamburger fastfood chain with circa 6,700 restaurants in 30 countries
Recently comprehensively refurbished to a high standard
Lease benefits from a guarantee from Wendy’s International, LLC
Price £2,000,000, this price reflects a net initial yield of 5.53%, after purchaser’s costs of 6.29%1
Contact
Please contact us for further information regarding any of the sales on our site.
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com