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- LoopNet Team
3 North Station Rd
Colchester CO1 1BG
Century House · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Virtual Freehold, Domino’s Take-away investment, 3,500 sq ft ground floor shop
- Rent review every 5th year with tenant break option in 10 years
- Colchester is a historic town situated adjacent to the A12, midway between Chelmsford and Ipswich and approx 60 miles north-east of Central London
- Let to DP Realty Ltd t/a Domino’s on a FR&I lease for a term of 20 years from 01/08/2023 for £29,000 per annum
- The property is situated in an established parade in a predominantly residential area just north of the town centre
EXECUTIVE SUMMARY
Description - Virtual Freehold, Domino’s Take-away investment - Comprising of a 3,500 sq ft ground floor shop Tenancy - Let to DP Realty Ltd t/a Domino’s on a FR&I lease for a term of 20 years from 01/08/2023 - Rent of £29,000 p.a. - Rent review every 5th year - Tenant break option in 10 years Location - Colchester is a historic town situated adjacent to the A12, midway between Chelmsford and Ipswich and approx 60 miles north-east of Central London. - The town benefits from good road communications, being at the junction of the A12, A120 and A133. - Colchester Rail Station is some 800m from the property and provides regular rail services to London Liverpool Street (Journey time approx. 55 mins). - The property is situated in an established parade in a predominantly residential area just north of the town centre. It is on the east side of North Station Road, close to its junction with Causton Road - Occupiers close by include: One Stop Shop, Machine Mart, Coral, Pizza Hut and numerous local businesses
PROPERTY FACTS
