£2,000,000
Light industrial for saleMargate Road, Westwood, Broadstairs CT10
Freehold
About this property
Prime Freehold Commercial Investment
Currently Producing £127,000 Per Annum
Let on a 20 Year Commercial Lease
5 Yearly Rent Reviews
Busy 'A' Road Position
Westwood Location
Prime freehold commercial investment property currently producing £127,000 per annum
Situated on the busy A254 Margate Road at Westwood, Broadstairs this prime commercial investment property is currently producing £127,000 per annum in rent. This restaurant and drive-thru is let to Burger King on a 20 year lease until 2044. Upward only rent reviews are scheduled for 2029,2034 and 2039, with no option to break.
Westwood is a busy out of town retail park and trading area conveniently situated on the main intersection between the Thanet towns of Broadstairs, Ramsgate & Margate. Other nearby businesses include, imo Car Wash, Aldi, Kaspa's Desserts, Hollywood Bowl and many more.
For further information contact the sole selling agents Terence Painter on .
Access & Parking
Via the A254 Margate Road. Private parking for up to 26 vehicles with drive-thru access around the property with service counter.
Interior
Restaurant with seating for approx. 60 diners. Access to customer toilets. Open service counter to kitchen. Kitchen, prep, stock room, walk-in chiller & freezer storage. Staff locker-room and toilets.
Lease
20 year Full Repairing & Insuring lease granted to bkuk Devco Limited in July 2024, with upward only rent reviews scheduled for 2029,2034, & 2039. No option to break.
Current rent £127,000 per annum.
VAT
We are advised that the property is registered for VAT and therefore VAT will be chargeable on the sale price.
1954 Landlord & Tenant Act
We are advised that the property is outside of the 1954 Act.
Situated on the busy A254 Margate Road at Westwood, Broadstairs this prime commercial investment property is currently producing £127,000 per annum in rent. This restaurant and drive-thru is let to Burger King on a 20 year lease until 2044. Upward only rent reviews are scheduled for 2029,2034 and 2039, with no option to break.
Westwood is a busy out of town retail park and trading area conveniently situated on the main intersection between the Thanet towns of Broadstairs, Ramsgate & Margate. Other nearby businesses include, imo Car Wash, Aldi, Kaspa's Desserts, Hollywood Bowl and many more.
For further information contact the sole selling agents Terence Painter on .
Access & Parking
Via the A254 Margate Road. Private parking for up to 26 vehicles with drive-thru access around the property with service counter.
Interior
Restaurant with seating for approx. 60 diners. Access to customer toilets. Open service counter to kitchen. Kitchen, prep, stock room, walk-in chiller & freezer storage. Staff locker-room and toilets.
Lease
20 year Full Repairing & Insuring lease granted to bkuk Devco Limited in July 2024, with upward only rent reviews scheduled for 2029,2034, & 2039. No option to break.
Current rent £127,000 per annum.
VAT
We are advised that the property is registered for VAT and therefore VAT will be chargeable on the sale price.
1954 Landlord & Tenant Act
We are advised that the property is outside of the 1954 Act.
Mortgage calculator
Monthly repayment
£10,004 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}