McDonald’s on the menu for €1.8M
The McDonald’s restaurant complex in Cavan, located along the N3 at Pullamore Business Park, has been listed for sale with €1.8 million price tag attached.
The property, which also includes two workshop units currently leased to the National Car Testing service (NCT) and a local veterinary practice, are also included. Tenants and franchises are not impacted by the sale.
The sale of the fast foot drive thru is connected with another put up for sale in Shannon, Co Clare (€1.2M), and the properties are available to purchase together or separately through Bannon Commercial Property Consultants.
The McDonald’s drive-through restaurant (2,979 sq ft) in Cavan is let for another 15.5 years, generating annual rental income of €90,304.
Externally, the façade is half brick with half glazed windows and an overhanging roof. The property has a large surface carpark with a tarmac finish and a round wrapping road that is used as a drive thru for the establishment.
The NCT centre (2,691 sq. ft.) and veterinary practice (3,636 sq. ft) meanwhile earn a combined €48,690 in annual rental income. The standalone industrial units are flat roof and of steel frame construction.
Combined they are delivering a yield of around seven per cent per annum based upon the quoted price of €1.8M.