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'.