Investment occupied by McDonald’s on the market

A prime restaurant investment in Leamington Spa occupied by McDonald’s Real Estate is up for sale for £1.595m.

The property at 34 The Parade has ten years unexpired on the lease which runs to June 2032 and has a passing rent of £90,500 a year, reflecting a net initial yield of 5.35%.

James Mattin, managing director agency at Bond Wolfe, said: “This is a very much sought-after covenant in a very attractive location in a very popular spa town with a beautifully picturesque town centre.

“It is just one of a number of investment opportunities we are currently bringing to market, and we are expecting strong interest because of the undoubted pull of the McDonald’s brand.

“The property occupies a prime position along The Parade in the centre of Leamington Spa town centre, and nearby occupiers include Tesco, WH Smith, Boots and House of Fraser.”