A NEW Costa Coffee which is being built in Blackheath is up for sale with a £1.8 million price tag.
The Costa Coffee, with a drive-thru, is being built on Horner Way opposite Sainsburys, with work expected to be completed by November.
It is up for sale for £1,882,000 and is being marketed by Manchester-based Edwards Property Consultants.
Sales notes state: "The property will comprise of a purpose-built Costa Coffee Drive Thru.
"Works have commenced on site and landlord works are due to complete in November 2024.
"The completed landscaped site will provide a drive-thru lane and 24 car parking spaces, including 2 disabled spaces and 2 EV charging spaces.
"The property is strategically located within Blackheath fronting Horner Way (A4099), a busy arterial road which forms part of the town centre ring road.
"There is an Agreement to Lease in place for a new 15 year FRI lease to Costa Limited at £110,000 per annum.
"The lease is subject to 5 yearly CPI linked rent reviews with a cap of 3% and a collar of 1%."
Costa Ltd was founded in 1971 and with over 3,800 stores across 31 countries and over 18,000 employees, Costa Coffee is the second largest coffee house chains in the world and the largest in the UK.
The Coca Cola Company acquired Costa Coffee in 2019 for $4.9BN.
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