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ANOTHER BREW-TIFUL ACQUISITION

starbucks dt belvedere.jpg

AGL advised a retained family office client on the acquisition of a prime drive thru investment in south east London.  

The Starbucks in Belvedere was acquired off-market for £3.0m, reflecting a guaranteed reversionary yield of 4.8%.

The property is located in a prominent position at the entrance to Belvedere Park, a modern mixed-use development within 1/2 mile of Belvedere railway station.  It is let to Starbucks for a further 11.2 years with RPI rental increases. 

April 2022