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The property comprises a high yielding retail investment forming part of a popular local parade.
Arranged as a ground floor retail unit, the property is fully let to DP Realty Limited (t/a Dominos) on a 20 year lease expiring 13.09.2029 and paying £15,000 per annum.
The tenant is a long standing occupier and we consider the property may offer asset management potential via renewal. There may also be the potential to improve rents, with the 2024 rent review outstanding.
The property occupies a prominent corner pitch and forms part of a popular parade fronting The Marsh in the retail heart of Hythe. The surrounding area is characterised by similar retail uses with a mix of local and national occupiers.
Tenure
Freehold
Rent