£285,000
(£126.67/sq. ft)
Restaurant for saleDomino’S, 19-21 Promenade, Bridlington YO15
2,250 sq. ft
Just added
Freehold
About this property
Freehold investment
Town centre location
209 sq m (2,250 sq ft)
Fri lease to Domino’s (dp Realty Ltd), 20 years from 17 November 2017
Expiry November 2037, next review November 2027
Passing rent £20,000 p.a.
Price £285,000, a gross yield of 7.0%
Description
TSA Property Consultants are delighted to offer this mid-terrace retail unit in a prominent position on a busy retail and leisure street within Bridlington’s main shopping area, adjacent to the main shopping centre. The property offers a large ground floor sales area with seating, WC, preparation area and ancillary office and storage, with additional unused first floor accommodation. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 17 November 2017 for 20 years (expiring November 2037), with 5-yearly open market reviews (next November 2027), no breaks, and a tenant option to extend for a further 20 years. Passing rent is £20,000 per annum. We are instructed to seek £285,000 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
Situated within the popular coastal town of Bridlington, East Yorkshire, the property occupies a prominent position on a busy retail and leisure street within the main shopping area, benefiting from high footfall and visibility.
It is located adjacent to the main shopping centre and is surrounded by a strong mix of national and independent retailers.
TSA Property Consultants are delighted to offer this mid-terrace retail unit in a prominent position on a busy retail and leisure street within Bridlington’s main shopping area, adjacent to the main shopping centre. The property offers a large ground floor sales area with seating, WC, preparation area and ancillary office and storage, with additional unused first floor accommodation. It is let to dp Realty Ltd & jfdi dp Limited on a full repairing and insuring lease from 17 November 2017 for 20 years (expiring November 2037), with 5-yearly open market reviews (next November 2027), no breaks, and a tenant option to extend for a further 20 years. Passing rent is £20,000 per annum. We are instructed to seek £285,000 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
Situated within the popular coastal town of Bridlington, East Yorkshire, the property occupies a prominent position on a busy retail and leisure street within the main shopping area, benefiting from high footfall and visibility.
It is located adjacent to the main shopping centre and is surrounded by a strong mix of national and independent retailers.
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Monthly repayment
£1,425 per month
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