€1.4m for KFC restaurant in Newbridge

CBRE is quoting in the region of €1.4 million for a KFC restaurant at Moorefield Road in Newbridge, Co Kildare.

The single-storey restaurant extends to 413 sq m (4,445 sq ft) and is let to Herbel Restaurants (Ireland) Ltd under a 20 year lease from last June subject to an annual base rent of €100,000 per annum rising to €120,000 in the fifth year.

The restaurant has a high profile on the south side of the main retail area in Newbridge. It is located close to McDonald's and opposite Tesco.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times