Domino’s Pizza, Stansted

22 Cambridge Rd, Stansted CM24 8BZ, UK

Basic Facts

Freehold Blue-Chip Restaurant Investment.
The ground floor has been substantially extended to accommodate a previous convenience store use. This extension is single storey and beneath a flat roof.
The ground floor comprises of a restaurant with customer waiting, dining, commercial kitchen, office, dish wash, store and WC’s. To the rear first floor is a small training room and further WC’s.
On the first floor at the front of the main property there is a self contained three bed flat with separate access. The flat was sold on a long leasehold.
Externally there is a small gated and covered service corridor and ample street
Customer parking immediately outside the premises

let to DP Realty Limited (Trading as Domino’s Pizza) from 21st December 2018 for a term of 20 years. The passing rent is £10,000 per annum. This is stepped to £30,000 December 2021 with a 5 yearly OMRR provision (next rent review Dec 2023) The lease is drawn on effective FRI terms with a SOC relating to walls.
The first floor flat (no 22a) has been sold Long Leasehold from 15th January 2009 for a term of 99 years with a Ground Rent of £150 per annum for the first 33 years, rising to £300 per annum for the preceding 33 years, and finally £600 per annum for the last 33‐year period.