https://thelandsite.co.uk/files/articles/78a0b43d5f9411e98dac024b03131eda/Nestle-gains-unparalleled-position-in-coffee-business-with-Starbucks-alliance_wrbm_large.jpg 149

Starbucks drive thru in Swansea snapped up for over £1 million

Published by Savills UK Ltd on 13th August 2019 -

title

Savills, on behalf of MVJ Capital, has sold a Starbucks drive thru unit in Swansea to a private buyer for £1.15 million, representing a net initial yield of 5.34%. 
The unit on Fabian Way is let to Magic Bean co. and trades as a 24 hour Starbucks Drive Thru, constructed in 2015. The unit is located on the busy thoroughfare of the A438 just off Fabian Way, one of the main arterial routes into Swansea.
Ross Griffin, investment director at Savills Cardiff, comments: “We are pleased to have sold the Starbucks on  Fabian Way on behalf of our client in line with their ongoing investment strategy.”
Matthew Pearcey of MVJ Capital adds: “We have owned this asset since development but the current strength in the drive-thru investment market gave us a one-off opportunity to exit at such an attractive level.”
Bromwich Hardy acted for the buyer.


Sam Cross

Whether selling, acquiring, letting or renting a pub, bar, restaurant, cafe, casino, theatre, Savills can help. Working across the UK and Europe, the licensed leisure team offer support, guidance, advice and knowledge.

Link to Savills UK Ltd business profile

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