68 Croydon Rd Caterham Greater London CR3 6QD

  • 68 Croydon Rd<br>Caterham<br>Greater London<br>CR3 6QD

68 Croydon Rd
Caterham
Greater London
CR3 6QD

Freehold Retail and Residential Investment

  • Let to DP Realty Limited (t/a Domino's Pizza) until 2028
  • Affluent London commuter town
  • Town centre location
  • Six Week Completion Available
  • Lot
    28
  • Auction
    26th May 2011
  • Rent
    £25,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £355,000
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
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Freehold Retail and Residential Investment

  • Let to DP Realty Limited (t/a Domino's Pizza) until 2028
  • Affluent London commuter town
  • Town centre location
  • Six Week Completion Available
  • Lot 28
  • Auction 26th May 2011
  • Rent £25,600 per Annum Exclusive
  • Status Sold
  • Price £355,000
  • Sector
    High Street Retail
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
16 miles south of Central London, 4.5 miles south of Croydon
Roads
M25, M23, A22, A23
Rail
Caterham Rail
Air
London Gatwick Airport.
Situation

The affluent commuter town of Caterham is located 16 miles south of Central London, close to the A22 and M25. The town is famous for being the manufacturing home of Caterham 7 sports cars. The property is situated on the eastern side of the busy Croydon Road (B2208), close to the junction with Colin Road. Opposite the property there is a new mixed-use retail and residential development. Nearby occupiers include Co-Operative Supermarket, HSBC, Pizza Express and Thomas Cook.

Tenure

Freehold.

Location
Miles
16 miles south of Central London, 4.5 miles south of Croydon
Roads
M25, M23, A22, A23
Rail
Caterham Rail
Air
London Gatwick Airport.
Situation

The affluent commuter town of Caterham is located 16 miles south of Central London, close to the A22 and M25. The town is famous for being the manufacturing home of Caterham 7 sports cars. The property is situated on the eastern side of the busy Croydon Road (B2208), close to the junction with Colin Road. Opposite the property there is a new mixed-use retail and residential development. Nearby occupiers include Co-Operative Supermarket, HSBC, Pizza Express and Thomas Cook.

Tenure

Freehold.

Description

The property comprises a retail unit on the ground and part first floors and residential accommodation on part first and second floors, which is accessed from the rear. The retail unit also benefits from a yard to the rear of the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a retail unit on the ground and part first floors and residential accommodation on part first and second floors, which is accessed from the rear. The retail unit also benefits from a yard to the rear of the property.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
First
Retail
Retail
67.42 sq m
30.83 sq m
(726 sq ft)
(332 sq ft)
DP REALTY LIMITED (1)
20 years from 03/08/2008 until 2028 on a full repairing and insuring lease £25,500 03/01/2013 and
5 yearly
First
Second
Residential
Residential
38.93 sq m
38.42 sq m
(419 sq ft)
(414 sq ft)
AN INDIVIDUAL 125 years from completion £100 Reversion 2136
Totals

175.60 sq m

(1,891 sq ft)
£25,600

(1) For the year ending 27th December 2009, DP Realty Limited reported a turnover of £12,213,000, pre-tax profits of £523,000 and a total net worth of £1,108,000. (Source: www.riskdisk.com 11/04/2011) DP Realty Limited is a wholly owned subsidiary of Domino's UK & Ireland plc who operate 665 stores nationwide and in the Republic of Ireland. Domino's Pizza UK & Ireland plc has announced the acquisition of 75% of Intergrowth Enterprises Limited (Domino's Germany), the master franchisee in Germany. (Source: www.dominos.uk.com)
(2) DP Realty Limited has sub-let the property to a 'Domino's Franchisee'.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Martin SzamfeberMartin Szamfeber +44 (0)20 7034 4858 martin.szamfeber@acuitus.co.uk
Associate Auctioneers
Michael Laurie Kaye 6 Bloomsbury Square
London
WC1A 2LP
Michael Kaye 0207 629 1373m@mlk.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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