Lease expiries 19th November 2040 subject to option
Fixed Rental Increase to £25,000 p.a.
VAT- Free Investment
Lot 23
Auction 13th December 2021
Rent £21,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector Restaurant
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north of Ayr
30 miles south west of Glasgow
Roads
A77, A70, A719
Rail
Prestwick Town
Air
Glasgow Prestwick Airport
Situation
Prestwick is a coastal town in South Ayrshire, Scotland located 30 miles south west of Glasgow and 2 miles north of Ayr. Prestwick has a resident population of 15,000 people. The A77 bypasses the town which connects with Glasgow to the north. The town is served by a mainline railway station linking to Ayr to the south and Glasgow Central to the north. Prestwick also has an international airport with daily flights to countries throughout Europe. The Property is situated on the west side of The Cross, South of its junction with Kirk Street and North of Station Road, within Prestwick's commerce centre. Nearby occupiers include The Post Office, Ladbrokes, Boots the Chemist & Limegreen Estate Agents.
Tenure
Heritable.
Location
Miles
2 miles north of Ayr
30 miles south west of Glasgow
Roads
A77, A70, A719
Rail
Prestwick Town
Air
Glasgow Prestwick Airport
Situation
Prestwick is a coastal town in South Ayrshire, Scotland located 30 miles south west of Glasgow and 2 miles north of Ayr. Prestwick has a resident population of 15,000 people. The A77 bypasses the town which connects with Glasgow to the north. The town is served by a mainline railway station linking to Ayr to the south and Glasgow Central to the north. Prestwick also has an international airport with daily flights to countries throughout Europe. The Property is situated on the west side of The Cross, South of its junction with Kirk Street and North of Station Road, within Prestwick's commerce centre. Nearby occupiers include The Post Office, Ladbrokes, Boots the Chemist & Limegreen Estate Agents.
Tenure
Heritable.
Description
The property comprises a ground floor restaurant. The property benefits from rear door with external, separate bin store within a brick build storage cupboard, with entranceway to an open plan rear yard area.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
See Legal Pack at www.acuitus.co.uk
Description
The property comprises a ground floor restaurant. The property benefits from rear door with external, separate bin store within a brick build storage cupboard, with entranceway to an open plan rear yard area.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion
EPC
See Legal Pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Restaurant
110.98 sq m
(1,195 sq ft)
DP REALTY LIMITED T/A DOMINOS PIZZA (1)
20 years from 20/11/2020 on a full repairing and insuring lease (2)
£21,500 rising to £25,000
20 November 2025 and every 5 years thereafter
Total
110.98 sq m
(1,195 sq ft)
£21,500 rising to£25,000
(1) For the year to 27/12/2020 DP Realty Limited reported a turnover of £2,759,000 and a Pre Tax Profit of £1,049,000. Domino's trade from 1,200 locations in the UK and Ireland have more than 35,000 team members. (2) The lease provides for a tenant option to determine on 20/11/2028
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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