Domino’s, Colchester
3 North Station Road, Colchester CO1 1RH, UKBasic Facts
| Property ID: 17329 | Post Updated: 2024-02-07 11:30:16 |
| Status: Available | Type: Restaurant |
| 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
