Roundhouse Way, Stanton Cross, NN8

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Key Points

Summary

Investment - Retail & Leisure / Investment - Retail & Leisure For Sale, Wellingborough

Description

A standalone drive through retail unit to be built built to Bewiched's specific requirements on a fully landscaped site of 0.49 acres (0.19 ha) with onsite car parking for up to 17 vehicles.

Bewiched Limited is a regional chain of coffee shops established in 2010 and which currently trade from 13 outlets across the region.

Bewiched already trade successfully from existing drive through coffee shops, the latest of which is located in Northampton. Bewiched Limited (Company Number 07126576) have a Graydon auger score of 516 with probability of failure being 'very low'.

Financial information for Bewiched available in the brochure.

Bewiched Limited have entered into an agreement to lease which will be completed in 5 working days of practical completion of construction of the building. The lease will be for a period of 15 years at an initial rental of £60,000 per annum exclusive incorporating 5 yearly upward only rent reviews which will be linked to the Consumer Price Index (CPI) with a 1% and 3% collar and cap. The lease will be drawn up on full repairing and insuring basis.

Location

Stanton Cross is a flagship mixed use development for Northamptonshire, promoted by Stanton Cross Developments LLP. Located on the eastern edge of Wellingborough it will see more than £1billion invested in the town. Once complete along with 3,750 new homes, it will also provide more than 1.5 million square feet of industrial, leisure, retail service and office space delivering around 3,000 new jobs, along with new education and community facilities.

Station Island provides one of the key link between Wellingborough town centre and the wider Stanton Cross development. The development brief or Station Island provides for a range of uses, creating a vibrant employment, retail and leisure area within the Stanton Cross development. At the heart of Station Island lies two new key access roads, a new station platform which is part of a wider enhancement of Wellingborough train station along with new bridges linking the development into Wellingborough itself.

The drive through development is located on a key roundabout at the junction of Midland Road, Driver Way and Roundhouse Way which provides links directly to Wellingborough town centre, the Stanton Cross and Wellingborough train station.