Heritable Restaurant Investment
Heritable Restaurant Investment
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.
Heritable.
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.
Heritable.
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 is not applicable to this lot.
6 week completion
See Legal Pack at www.acuitus.co.uk
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 is not applicable to this lot.
6 week completion
See Legal Pack at www.acuitus.co.uk
| 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 £1,500+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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