The property is located in Cookstown, the principal administrative and commercial centre for the district and is situated approximately 10 miles from Dungannon and 33 miles west of Belfast. The town is well served by an extensive road network.
This is prominent location with extensive road frontage at the junction of Killymoon Street and Sweep Road, which is located south of the town centre. Vehicular access is via Sweep Road. Neighbouring occupiers include Asda & McDonald's.
The property consists of a modern standalone drive-thru restaurant facility fitted out to the Tim Hortons corporate style. The building is of portal steel construction, insulated profile cladding, curtain wall glazing with aluminum frames and is covered by a mono pitch roof. The property includes its own self-contained on site car parking.
Total Site Area 0.46 acres (0.186 hectares)
Ground floor Unit 262 sq m (2,816 sq ft)
The property is subject to a 10 year lease term with effect from October 2020 at an annual passing rent of £55,000. The lease is subject to a rent review and tenant break option in October 2025.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E102.
Drive thru and sit in restaurant
All figures quoted are exclusive of and may therefore be liable to VAT. Opted for VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £53,300
Estimated Rates Payable for 2024/2025: £29,829
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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