£390,000
(£197.57/sq. ft)
Restaurant for saleDomino’S, 17 Prince Regent Street, Stockton-On-Tees TS18
1,974 sq. ft
Freehold
About this property
Freehold investment
Located on a busy main thoroughfare
Ground floor takeaway
183.4 sq m (1,974 sq ft)
Fri lease to Domino’s (dp Realty Ltd), expiry October 2040
Next review October 2030
Passing rent £27,400 p.a.
Price £390,000, a gross yield of 7.0%
Description
TSA Property Consultants are delighted to offer this end-terrace retail unit on a central commercial street within walking distance of Stockton’s main shopping centre. The property provides ground floor sales and preparation areas with a modern fit-out, and first floor storage, office and staff accommodation. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 26 October 2020 for 20 years (expiring October 2040), with 5-yearly open market reviews (next October 2030), no breaks, and a tenant option to extend for a further 20 years. Passing rent is £27,400 per annum. We are instructed to seek £390,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting a gross yield of 7.0%.
Dp Realty Ltd is a wholly owned subsidiary of Domino’s Pizza Group plc and acts as the main intermediary tenant for the vast majority of Domino’s stores in the UK and Ireland, handling over 1,300 stores nationwide. All figures quoted are exclusive of VAT. Each party is responsible for their own legal costs.
Location
Located on a central commercial street with a mix of national and local retail and leisure uses, within walking distance of the main shopping centre and serving a strong local catchment.
The property is close to the heart of Stockton-on-Tees, with excellent public transport links including nearby bus stops, plus ample parking in adjacent pay and display car parks and on-street parking.
TSA Property Consultants are delighted to offer this end-terrace retail unit on a central commercial street within walking distance of Stockton’s main shopping centre. The property provides ground floor sales and preparation areas with a modern fit-out, and first floor storage, office and staff accommodation. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 26 October 2020 for 20 years (expiring October 2040), with 5-yearly open market reviews (next October 2030), no breaks, and a tenant option to extend for a further 20 years. Passing rent is £27,400 per annum. We are instructed to seek £390,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting a gross yield of 7.0%.
Dp Realty Ltd is a wholly owned subsidiary of Domino’s Pizza Group plc and acts as the main intermediary tenant for the vast majority of Domino’s stores in the UK and Ireland, handling over 1,300 stores nationwide. All figures quoted are exclusive of VAT. Each party is responsible for their own legal costs.
Location
Located on a central commercial street with a mix of national and local retail and leisure uses, within walking distance of the main shopping centre and serving a strong local catchment.
The property is close to the heart of Stockton-on-Tees, with excellent public transport links including nearby bus stops, plus ample parking in adjacent pay and display car parks and on-street parking.
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Monthly repayment
£1,950 per month
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