£310,000
(£188.34/sq. ft)
Restaurant for saleDomino’S, 178 York Road, Hartlepool TS26
1,646 sq. ft
Freehold
About this property
Freehold investment
Town centre location
152.9 sq m (1,646 sq ft)
Fri lease to Domino’s (dp Realty Ltd), 20 years from 20 October 2020
Expiry October 2040, next review October 2030
Passing rent £21,750 p.a.
Price £310,000, a gross yield of 7.0%
Description
TSA Property Consultants are delighted to offer this end-terrace retail unit with return frontage, prominently positioned on York Road, Hartlepool’s main retail thoroughfare. The property comprises a well-presented ground floor sales and preparation area fitted to the tenant’s corporate specification, with office and storage on the upper floors. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 20 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 £21,750 per annum. We are instructed to seek £310,000 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 York Road, a primary thoroughfare in Hartlepool with a mix of independent and national retailers supporting a steady local catchment.
Hartlepool is a historic port town and seaside resort on the North Sea coast in the Tees Valley, about 8 miles north of Middlesbrough, serving a wider borough catchment of approximately 98,000 people.
TSA Property Consultants are delighted to offer this end-terrace retail unit with return frontage, prominently positioned on York Road, Hartlepool’s main retail thoroughfare. The property comprises a well-presented ground floor sales and preparation area fitted to the tenant’s corporate specification, with office and storage on the upper floors. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 20 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 £21,750 per annum. We are instructed to seek £310,000 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 York Road, a primary thoroughfare in Hartlepool with a mix of independent and national retailers supporting a steady local catchment.
Hartlepool is a historic port town and seaside resort on the North Sea coast in the Tees Valley, about 8 miles north of Middlesbrough, serving a wider borough catchment of approximately 98,000 people.
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