Withdrawn
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The property comprises a rarely available retail investment let to Dominos and occupying a prominent high footfall pitch.
Arranged as a ground floor retail unit with ancillary upper parts, the property is fully let to DP Realty Limited t/a Dominos on a 14 year lease expiring 19.12.2038 and paying £14,000 per annum.
The lease includes 5-yearly, upward only, open market rent reviews, with the next review 22.02.2027. We consider the Estimated Rental Value (ERV) of the property to be in the order of £25,000 per annum and therefore consider the property offers short-term asset management potential via improvement of rents.
The property occupies a prominent pitch fronting the high footfall Sutton High Street, the surrounding area is characterised by similar retail uses, with tenants including Topps Tiles, B&Q and a number of local occupiers.
Tenure
Freehold
Rent
Notes
We understand the property is elected for VAT.
Please note both Savills and our client take no responsibility for comments on Estimated Rental Value. Bidders must rely on their own enquiries in this regard.