Leisure Portfolio

Starbucks & Costa coffee drive-thru portfolio
Across the UK
Description
A portfolio of 13 new drive-thru format coffee shops, located across the UK
Purchase Price
£23.4m
Net Initial Yield
5.70%
Acquisition Structure
Pre-let forward funding
Date Acquired
February 2019
Rent Review
Retail Price Inflation (RPI)
Tenants
Starbucks Coffee Company (UK) Limited and Costa Limited
Lease Term
15 years, with no break
Pure Gym
Norwich, Norfolk
Description
New gym facility
Purchase Price
£2.5 million
Net Initial Yield
6.0%
Size
13,750 sq ft
Acquisition Structure
Built
Date Acquired
January 2019
Rent Review
Fixed uplifts of 2% pa
Tenant
Pure Gym Limited
Lease Term
15 years unexpired, with no break