MCDONALD'S BLAYDON SHOPPING CENTRE - WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT - ALLSOP
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McDONALD’S BLAYDON SHOPPING CENTRE WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT DRIVE-THRU INVESTMENT LET TO MCDONALDS FOR 23 YEARS (CERTAIN)
McDONALD’S
BLAYDON SHOPPING CENTRE DRIVE-THRU INVESTMENT LET TO
WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT MCDONALDS FOR 23 YEARS (CERTAIN)
Newcastle-upon-Tyne
Gateshead
A1
Shibon Nature Reserve
Reece Innovation Centre
A695
River Tyne
Morrisons Supermarket
Blaydon Shopping Centre
A695
Blaydon Railway Station
Blaydon Shopping Centre Bus Stop
Outline for indicative purposes only.
McDONALD’S
BLAYDON SHOPPING CENTRE DRIVE-THRU INVESTMENT LET TO
WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT MCDONALDS FOR 23 YEARS (CERTAIN)
INVESTMENT CONSIDERATIONS DATAROOM
■ Long-let drive-thru investment located in Blaydon, Gateshead For access to the Allsop dataroom please use the following link:
■ Modern, purpose built drive-thru unit totalling 3,128 sq ft (290.6 sq m) https://datarooms.allsop.co.uk/register/mcdonaldsblaydon
■ Strategically located next to Blaydon Shopping Centre with immediate access
to Blaydon railway and bus stations as well as the busy A695 PROPOSAL
■ Securely let to the undoubted covenant of McDonald’s Restaurants Limited (5A1)
Offers sought in excess of £1,343,000 (One Million,
■ Long unexpired term of 23 years (certain)
Three Hundred and Forty Three Thousand Pounds),
■ Low passing Rent of £74,758.77 per annum subject to 5 yearly rent reviews which reflects an attractive Net Initial Yield of 5.25%,
■ McDonalds have recently extended their lease showing their commitment to the unit assuming purchasers costs of 6.02%
McDONALD’S
BLAYDON SHOPPING CENTRE DRIVE-THRU INVESTMENT LET TO
WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT MCDONALDS FOR 23 YEARS (CERTAIN)
A696
A69
NEWCASTLE
South
UPON TYNE Shields
A69 A1300
A1
BLAYDON A194
Gateshead A184
A1018
A19
A194(M)
A1
A692 Birtley
A694
A690
Washington
SUNDERLAND
A693
Chester-Le-Street
Houghton
A1(M) le Spring A19
A167
A691
Murton
A68 Durham
A19
Hartlepool
RD
BOULEVA
KINGFISHER
A6
08
5
LOCATION
Blaydon is located in the North East of England in the
Metropolitan Borough of Gateshead. The town is approximately
8 km (5 miles) west of Newcastle Upon Tyne, 26 km (16 miles)
north of Durham and 26 km (16 miles) north-west of Sunderland. ST
EL
The town benefits from good road communications with the L A
ST
A1 Western Bypass approximately 1.6 km (1 mile) to the east, R
EE
T
connecting with Junction 34 of the A1(M) Motorway to the south-
east. The A1 also connects with the A69 to the north, with the A1
A695 and B6317 both leading into Blaydon.
In addition, the town is connected to the national railway network
RIVER T
with a fastest journey time to London Kings Cross of 3 hours 32 YNE
minutes. Direct rail connections are also provided to Newcastle BLAYDON HAUGHS
of approximately 15 minutes. Newcastle International Airport is INDUSTRIAL ESTATE
BRID BLAYDON
approximately 13 km (8 miles) to the north. G E STR
EE
T BLAYDON HIGHWAY A695
SUMME RHILL A695
SITUATION BLAYDO
TRADE PA
The property is situated centrally in Blaydon town centre within
5
the core retailing and leisure pitch, directly adjacent to Blaydon A69
Railway Station. The property is accessed off the A695 which
forms the main arterial route west to Newcastle city centre. SH
IB
Blaydon Bus Stop is located directly south of the property DO
N
providing regular services around Blaydon and Gateshead. RO
A
D
The property forms part of the wider Blaydon Shopping Centre,
A1
which forms the primary retail offering in Blaydon. In turn the ST THOMAS MORE
BLAYDON
INDUSTRIAL PARK
property benefits from excellent football and passing trade. COMMUNITY SHIBDON
BUSINESS PARK
CH
Immediate occupiers include; Costa, Boots, B&M, Lloyds Bank, SPORTS CENTRE
NK
AI
Specsavers, Iceland and a large Morrison supermarket.
BA
N
BR
N ID
DO G
AY E
BL
RO
SHIBDON
AD
NE
LA DENE
CK
BA
McDONALD’S
BLAYDON SHOPPING CENTRE DRIVE-THRU INVESTMENT LET TO
WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT MCDONALDS FOR 23 YEARS (CERTAIN)
4 The Precinct, Wesley Court, Blaydon-on-Tyne, NE21 5BT
DESCRIPTION TENANCY
The property comprises a modern, purpose built drive-thru The property is let to McDonald’s Restaurants Limited on a 25
unit totalling 3,128 sq ft (290.6 sq m) arranged over a year FRI lease from 29/09/1998. McDonald’s have recently signed
single-storey. The detached unit sits on a 0.28 acre site a reversionary lease extending the term to 28th September 2043,
providing a designated drive-thru facility and the right to providing an unexpired term of 23 years. The property is sub-let to
use a total 40 car parking spaces (located within the area Granite Restaurants Ltd (McDonalds franchisee).
hatched green on the plan). The property is let on two conterminous leases producing a low
Internally the unit provides a fully fitted restaurant with total passing rent of £74,758.77 per annum. The first lease is on
WC facilities, kitchen area, ancillary offices and storage. the property at passing rent of £69,562.50 per annum, reflecting
In 2012 McDonald’s extended unit from 2,625 sq ft to 3,128 sq ft. £26.50 psf (based on an area of 2,625 sq ft). The second lease
is for the drive-thru road at £5,196.27 per annum. The leases are
subject to 5 yearly, upwards only rent reviews to the open market
SITE rent. The next review is on 29/09/2023.
The tenant will benefit from a total of 9 months rent free split between
The property provides a total site area of 0.28 acres.
9 months half rent from 25/12/2020 with a further 9 months half
rent from 29/09/2023. This will be topped-up by the Vendor.
TENURE McDonalds contributes to a service charge for the wider Blaydon
Shopping Centre. The current service charge allocation is £4,001.16
241 year, long leasehold interest at a peppercorn rent. per annum.
© Crown Copyright, ES 100004106. For identification purposes only.
created on Plotted Scale - 1:1,250
McDONALD’S
BLAYDON SHOPPING CENTRE DRIVE-THRU INVESTMENT LET TO
WESLEY COURT, THE PRECINCT, BLAYDON-ON-TYNE NE21 5BT MCDONALDS FOR 23 YEARS (CERTAIN)
COVENANT
McDonald’s Restaurants is the world’s most recognised fast food
operator in the UK with over 36,000 restaurants across the world.
The company is also the world’s largest chain of quick service
restaurants serving over 10 million customers daily.
There are currently in excess of 1,300 McDonald’s restaurants in the UK
employing over 38,000 people. McDonalds continues to expand its UK
operations with 40 new restaurants opening 2019 and further 60 restaurant
forecast to open before the close of 2020 forming part of an expansion plan
worth in excess of £1billion.
The latest reported financials for McDonalds Restaurants Limited (01002769):
2016 2017 2018
Turnover £1,574,237,00 £1,593,489,000 £1,514,374,000
Pre-Tax Profit £341,009,000 £341,009,000 £406,278,000
Total Net Worth £1,044,866,000 £1,332,438,000 £1,098,986,000
Experian Score: 97 (Very Low Risk)
Dunn & Bradstreet: 5A1
MARKET ANALYSIS
Investment and rental market data:
Date Address Tenant Rent (£p.a.) Rent Unexpired Price NIY
(£p.s.f.) Term (years)
Available Subject Property McDonalds £74,758 £26.50* 23 £1,343,000 5.25%
Available McDonalds Portfolio McDonalds £645,830 £35.00 17 £7,100,000 3.50%
Jan-20 Hastings Road, Tunbridge Wells Burger King (franchise) £100,000 £20.10 24 £1,995,000 4.72%
Nov-19 Bath Road, Gloucester Costa Limited £80,000 £44.44 15 £1,500,000 5.25%
Jun-19 Dartford, London Starbucks £125,000 £55.14 16 £2,500,000 4.50%
Feb-19 Wyvern Retail Park , Derby KFC (franchise) £71,050 £22.74 7 £1,300,000 5.16%
*Rent £p.s.f. excludes the drive-thru road which is let on a separate lease.
EPC PROPOSAL
The property has an EPC rating of D(81).
Offers sought in excess of £1,343,000 (One Million, Three Hundred
VAT and Forty Three Thousand Pounds), which reflects an attractive
The property has been elected for VAT and it is anticipated that the
transaction will be treated as a TOGC. Net Initial Yield of 5.25%, assuming purchasers costs of 6.02%
ANTI-MONEY-LAUNDERING
A successful bidder will be required to provide information to satisfy
the AML requirements when Head of Terms are agreed.
For further information or to make arrangements for viewing please contact:
DATAROOM James Salmon Siobhan Badman
For access to the Allsop dataroom please use the following link: 07720 400306 07884 814884
https://datarooms.allsop.co.uk/register/mcdonaldsblaydon james.salmon@allsop.co.uk siobhan.badman@allsop.co.uk allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on
as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual
obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement
contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of
Allsop LLP. Design CommandD www.commandHQ.co.uk 01.21
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