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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

***IMMEDIATE INCOME PRODUCING INVESTMENT***KFC Drive through and restaurant Rent Guarantee By KFC GB Ltd expiring 28th November 2041 VAT FREE PURCHASE. PRIME INVESTMENT PROPERTY

Held on F.R.I Lease Expiry 2041 Guarantee By KFC UK Ltd Passing Rent: £59,764p.a. Fixed Increases To £83,949p.a.x **PERFECT ADDITION TO ANY PORTFOLIO**

Internally the property is fitted out to tenants specifications with ceramic tiled and linoleum floors, partitioned customer & staff w.c facilities, chiller and freezer room along with large kitchen.

Our client has opted to waive exemption for V.A.T. The transaction will be treated as a Transfer Of a Going Concern (ToGC)

EXCELLENT LOCATION*** Neighbouring occupiers include McDonalds, Starbucks, MKM Supplies, B&Q and Arnold Clark

***IMMEDIATE INCOME PRODUCING INVESTMENT***KFC Drive through and restaurant Rent Guarantee By KFC GB Ltd expiring 28th November 2041 VAT FREE PURCHASE. PRIME INVESTMENT PROPERTY Held on F.R.I Lease Expiry 2041 Guarantee By KFC UK Ltd Passing Rent: £59,764p.a. Fixed Increases To £83,949p.a.x **PERFECT ADDITION TO ANY PORTFOLIO** Internally the property is fitted out to tenants specifications with ceramic tiled and linoleum floors, partitioned customer & staff w.c facilities, chiller and freezer room along with large kitchen. Our client has opted to waive exemption for V.A.T. The transaction will be treated as a Transfer Of a Going Concern (ToGC) EXCELLENT LOCATION*** Neighbouring occupiers include McDonalds, Starbucks, MKM Supplies, B&Q and Arnold Clark

The property is situated on the south side of Asco Road at its roundabout with the A90 within the town of Peterhead. Peterhead is located approximately 32 miles north of Aberdeen on the A92 linking through to Fraserburgh. The town has a resident population of circa 24,000 persons and enjoys a strong catchment given the drive time to Aberdeen. Traditionally focused on the fishing industry, Peterhead acts as a major service centre for the fishing, oil and gas industry. Neighbouring occupiers include McDonalds, Starbucks, MKM Supplies, B&Q and Arnold Clark

Full Address:  Invernettie Road, Let KFC Drive-Thru Investment, Peterhead, AB42 3FX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 11 Years
Rent: £59,764 per year / £4,980 per month
Yield: 10% (approx)
Tenant: Company
Notes: The property is held on a full repairing and insuring head lease to Clokken Ltd trading as “KFC” Rent Guarantee By KFC GB Ltd expiring 28th November 2041 at a passing rent of £59,764p.a.x with an option to determine in November 2026. Rent review cycles are every 5 years with fixed increases in 2026 to £65,581p.a.x, 2031 to £74,199p.a.x and 2036 to £83,949p.a.x

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Pricing Information & Bidding

Opening Bid: £625,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 12 June 2025, 10am-3pm
Type: Timed Online Auction

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