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Starbucks Drive Thru in Swansea Snapped up for Over £1 Million

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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.

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

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