£240,000
(£304.96/sq. ft)
Restaurant for saleDomino’S, 75D Leeds Road, Harrogate HG2
787 sq. ft
Just added
Freehold
About this property
Freehold investment
Town centre location
Ground floor takeaway
73.1 sq m (787 sq ft)
Fri lease to Domino’s (dp Realty Ltd), expiry August 2041
Passing rent £17,000 p.a.
Price £240,000, a gross yield of 7.1%
Description
TSA Property Consultants are delighted to offer this mid-terrace retail unit on the east side of Leeds Road, Harrogate, close to its junction with Vernon Road and Hookstone Avenue. The property comprises a ground floor sales and preparation area with a set-back first floor providing storage and staff amenities. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 26 August 2021 for 20 years (expiring August 2041), with 5-yearly open market reviews, no breaks, and a tenant option to extend for a further 20 years. Passing rent is £17,000 per annum. We are instructed to seek £240,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting a gross yield of 7.1%.
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
The property is situated on the east side of Leeds Road, close to its junction with Vernon Road and Hookstone Avenue, in the town of Harrogate.
Harrogate is a historic spa town in North Yorkshire with a residential population of around 77,000, lying between Leeds (about 17 miles south) and York (about 22 miles east). The wider Harrogate area serves a catchment of approximately 162,000–164,000 people.
TSA Property Consultants are delighted to offer this mid-terrace retail unit on the east side of Leeds Road, Harrogate, close to its junction with Vernon Road and Hookstone Avenue. The property comprises a ground floor sales and preparation area with a set-back first floor providing storage and staff amenities. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 26 August 2021 for 20 years (expiring August 2041), with 5-yearly open market reviews, no breaks, and a tenant option to extend for a further 20 years. Passing rent is £17,000 per annum. We are instructed to seek £240,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting a gross yield of 7.1%.
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
The property is situated on the east side of Leeds Road, close to its junction with Vernon Road and Hookstone Avenue, in the town of Harrogate.
Harrogate is a historic spa town in North Yorkshire with a residential population of around 77,000, lying between Leeds (about 17 miles south) and York (about 22 miles east). The wider Harrogate area serves a catchment of approximately 162,000–164,000 people.
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