£2.5m drive-thru and fast food development opens

A £2.5m drive-thru and fast food development in Worcestershire has opened.

The construction of a new Costa and KFC at Twyford Services, Evesham has been delivered by Ziran Land for Portway Investments.

The Costa unit comprises a 1,800 sq ft drive-thru while the KFC is a 2,476 sq ft unit. Both outlets, which recently opened to the public, are let on long leases with index-linked rent reviews.

The development is part of Portway Investments’ strategy of complementing its existing portfolio with secure long-term income from household names.

David Allen, of Holt Commercial, who acted on behalf of Portway, said: “We were delighted to secure this prime, highly-visible investment on behalf of our client at a competitive yield.

“This further underlines the strength of the alternative sector with the attractiveness of long index-linked leases to secure covenants. It is certainly an area of the market that has grown and that looks set to continue.”