The property is located in the heart of Larne Town Centre which is situated on the east coast of County Antrim. The town benefits from a large passenger and freight port with a population of 18,853 at the 2021 census. Larne is located 23 miles from Belfast.
The property is situated in a prominent position adjacent to the Redlands Roundabout, and the Port of Larne, a busy route with high vehicular traffic. Surrounding occupiers include Asda, Omniplex, and Curran Court Hotel.
This is standalone single storey purposed built drive thru and restaurant with on site car parking. The property is branded and fitted to the standard KFC specification.
2,208 sq ft (205 sq m)
The property is subject to a 15 year lease term with effect from November 2016 at an annual passing rent of £33,398. The lease is subject to 5 yearly rent reviews with fixed rental uplifts reflecting 2.5% annually compounded. The lease is subject to a tenant break option November 2026.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C71.
Drive Thru & 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: £47,800
Estimated rates payable for 2024/2025: £32,141
* 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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