KFC Drive-Thru on the Market for £1.5 Million in Sheppey

A drive-thru unit housing a KFC restaurant in Queenborough has been listed for sale for just under £1.5 million. The property, located in Neats Court, is being marketed by Acuitus Limited and will be auctioned on September 18, 2023, if it is not sold prior to that date.

Despite the sale, the operation of the KFC outlet is expected to continue unaffected. The restaurant is secured by a lease that extends until August 2043. This long-term lease ensures stability for potential buyers and maintains the restaurant’s presence in the area.

Property Details and Surrounding Amenities

The KFC drive-thru unit spans 251.82 square meters and includes parking for approximately 35 vehicles. It is situated within the well-established Neats Court Retail Park, which also features popular retailers such as Morrisons, Sports Direct, Aldi, B&M, Poundland, Burger King, and Costa. The annual rent for the property is set at £95,000, with reviews scheduled every five years.

The KFC outlet opened its doors in August 2013 as part of a significant investment of £30 million in the Neats Court Retail Park. Upon its launch, the car park saw a remarkable influx of around 50 cars within the first hour, indicating strong initial interest in the new drive-thru service. The franchise is operated by Scotco Restaurants Ltd, which has contributed to local employment by creating over 50 jobs.

Market Context and Future Prospects

The listing of the KFC property has raised questions about the reasons behind the sale, though specific details have not been disclosed. Potential investors may find this drive-thru unit appealing due to its prime location and established customer base.

The listing price of £1.475 million reflects current market conditions, and the auction presents an opportunity for buyers to acquire a well-positioned retail asset. Acuitus Limited has been approached for additional comments regarding the sale, but no response has been provided at this time.

As the auction date approaches, interest in this KFC location is expected to grow, particularly among investors looking for established businesses with secure leases.