Starbucks, Somerby Way, Gainsborough DN21 1QT
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£1,275,000
Jul 2025
NorthCap, working jointly with M1, have successfully sold this single let drive thru investment on behalf of Newsholme Developments.
The property was let in its entirety to KBeverage Ltd trading as Starbucks. The FRI lease had a term of 15 years starting on 17th March 2025 at a commencing rental of £85,000 pa. The rent was subject to 5 yearly rent reviews to OMV with a collar and cap of 1&3% compounded annually.
The property sold for £1,275,000 reflecting a net initial yield of 6.29%.
The property was acquired by a regional property company who were advised by Steven Pollack of Maple Real Estate.
