Property overview

We are instructed to market the above prime securely Drive Thru and EV Charging Hub development funding opportunity.  Summary information is set out below:

• Forward funding of a new drive thru and EV charging hub
• Excellently located adjacent to Junction 5 of M54 and a short distance from Telford town centre and train station
• The site has been identified as a key location for the M54’s electric vehicle charging infrastructure network
• New build Taco Bell drive thru unit extending to 157.9 sq.m (1,700 sq.ft) with 10 car parking spaces
• The EV charging hub will include 20 ultra rapid charging bays
• Drive thru unit is pre-let to Campana Ltd (trading as Taco Bell) for a term of 15 years from completion (tenant break option 10th year). Lease subject to five yearly upward only reviews to CPI collared at 1% and capped at 3.0% per annum compounded
• EV charging hub is pre-let to Tesla Motors Ltd (8 spaces) for a term of 20 years (tenant break option 15th year) and Osprey Charging Network Ltd (12 spaces) for a term of 25 years (tenant break option 15th year).
• Both leases have annual index linked reviews
• The total rental income will be £155,400 per annum
• Tenants all rated Very Low Risk by Experian
• 2 MVA of power has been secured for the site
• The developer has received a positive pre-app and the planning application has been prepared to be submitted shortly
• Practical completion April 2027

We are instructed to seek offers in excess of £2,343,000 subject to contract and exclusive of VAT. The purchase price would equate to a Net Initial Yield of 6.50%,  assuming standard purchaser’s costs of 4.11%.