Restaurant/cafe for sale in North Station Road, Colchester CO1

Guide price £475,000 (£135.71/sq. ft)
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Restaurant/cafe for sale

3,500 sq. ft*

Property description

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

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Prideview Group, HA7 on +44 20 4559 0084 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Prideview Group, and do not constitute property particulars. Please contact Prideview Group for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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