1 Station Road, Reading, RG1
• 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%