Description
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £27,400 per annum on a FRI Lease. Prominent position on a busy retail street
Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent review every 5th year Rent: £27,400 per annum
Comprises a ground-floor end-terrace takeaway restaurant. Total Gross Internal accommodation of approx. 198 sq m (2,132 sq ft) Occupiers close by include Cash Converters, Dixy Chicken & William Hill
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £27400 PER ANNUM
The property is within walking distance of Stockton's main shopping facilities and the High Street, providing access to a wider range of retail and leisure amenities.
INCOME PRODUCING INVESTMENT*** FULL BUILDING in EXCELLENT TRADING POSITION. Well Established tenant in occupation producing £27,400 per annum on a FRI Lease. Prominent position on a busy retail street. Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent review every 5th year Rent: £27,400 per annum Comprises a ground-floor end-terrace takeaway restaurant. Total Gross Internal accommodation of approx. 198 sq m (2,132 sq ft) Occupiers close by include Cash Converters, Dixy Chicken & William Hill PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £27400 PER ANNUM The property is within walking distance of Stockton's main shopping facilities and the High Street, providing access to a wider range of retail and leisure amenities
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 20 Years
Rent: £27,400 per year / £2,283 per month
Yield: 8% (approx)
Tenant: Company
Notes: Tenant: DP Realty Limited (1) (t/a Domino's) FRI Lease 20 years from 26.10.2020 Rent review every 5th year Rent: £27,400 per annum
Maps & Location
Map Street View SatelliteThe property occupies a prominent position within Stockton-on-Tees town centre, on an established commercial thoroughfare close to its junction with Dovecot Street. The property is situated within a busy retail and leisure area, benefiting from a mixture of national retailers, independent businesses, food outlets and service providers. Nearby occupiers include Cash Converters, William Hill, Cooplands, British Heart Foundation and a variety of local food and convenience businesses, helping to establish the area as an active commercial destination.
Document Downloads
Pricing Information & Bidding
Opening Bid: £350,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Submit Offer Now
Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 17 Prince Regent Street, Stockton-on-tees, Cleveland