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Domino’s, Colchester

3 North Station Road, Colchester CO1 1RH, UK

Basic Facts

Property ID: 17329 Post Updated: 2024-02-07 11:30:16
Status: Type:
Tenure: Virtual Freehold Area: 3500 sq ft
Gross Rent: £ 29,000 Gross Yield %: 6.1
Lease Term: 20 years from Aug '23 Lease Term Expiry Date: 01/08/43
Years left on Lease: 19.3

Property Description

  • Virtual Freehold Domino’s Take-away Investment
  • Comprising a 3,500 sq ft ground floor shop

Location Description

  • Colchester is a historic town situated adjacent to the A12, midway between Chelmsford and Ipswich and approx 60 miles north-east of Central London.
  • The town benefits from good road communications, being at the junction of the A12, A120 and A133.
  • Colchester Rail Station is some 800m from the property and provides regular rail services to London Liverpool Street (Journey time approx. 55 mins).
  • The property is situated in an established parade in a predominantly residential area just north of the town centre. It is on the east side of North Station Road, close to its junction with Causton Road
  • Occupiers close by include: One Stop Shop, Machine Mart, Coral, Pizza Hut and numerous local businesses

Tenancy & Additional Notes

  • Let to DP Realty Ltd t/a Domino’s for a term of 20 years from 01/08/2023 on an effectively FR&I lease for £29,000 p.a.
  • Rent review every 5th year
  • Tenant Break option in 10 years

Features

Attractive property
Lease term: 10 - 15 years
Under £500k
Virtual Freehold

View on Map

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