Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
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