£240,000
(£125.33/sq. ft)
Restaurant for saleNew Wynd, Montrose DD10
1,915 sq. ft
About this property
Town Centre Domino’s Investment
Ground Floor Unit With Car Park
Held On F.R.I Lease
Passing Rent: £17,000p.a.x
Expiry: 2037
Fixed Rent Increases
Price: £240,000
Location
The property is situated on the south side of New Wynd, between its junction with Baltic Street and Market Street within the town centre of Montrose.
Montrose has a population of circa 12,000 and is an important commercial centre. Its well-developed port acts as a support centre for the North Sea oil industry and is a bulk container shipping base.
Montrose is well located with Aberdeen 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east.The A90 is located close-by and the town is served by a mainline railway station. Adjacent to Montrose Basin, an internationally important wildlife reserve, the town is also close to several well regarded golf courses and provides a good selection of services and amenities to the surrounding area. Neighbouring occupiers include Energie Fitness, Domino’s Pizza, Nemetona, Boots, Argos Extra and Scotmid.
Property
The property comprises a mid-terraced single storey retail unit of modern construction surmounted by a pitched roof overlaid in concrete tile. The property benefits from a prominent frontage facing onto a shared car park within the town centre of Montrose. The property offers multiple display windows offering return frontage and access gained via dual double doors of aluminium framed and glazed construction.
Internally, the property is fitted out in accordance with the tenants corporate specifications, floors have been overlaid in linoleum and laminated timber with lighting provided by way of halogen spots and L.E.d’s recessed within the suspended ceiling. Partitions have been erected to form staff room, w.c and store room. The loading area is shared with the neighbouring occupiers, and is accessed via Baltic Street.
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: D.P. Realty Ltd
Expiry: 2037
Tenant Break: 2027
Passing Rent: £17,000p.a.x.
Rent Review: Every 5 years at a 5% Increase
Covenant
Domino’s Pizza is an internationally recognised brand trading in excess of 1,000 units across the UK.
Dp Realty Ltd (company no. 2882513) is the tenant and we understand this to be the property service company which holds the property on behalf of the main operation.
The property is occupied by a franchisee who we understand operates in excess of 100 stores throughout Scotland.
Area
The property has been calculated to extend to the following internal area;
Ground: 177.9sqm (1,915sq ft)
Price
The property is a available on a freehold basis for £240,000
V.A.T.
The property has been elected for V.A.T. As such the transaction may be treated as a T.o.G.C. (transfer of a going concern)
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
Ground Floor Unit With Car Park
Held On F.R.I Lease
Passing Rent: £17,000p.a.x
Expiry: 2037
Fixed Rent Increases
Price: £240,000
Location
The property is situated on the south side of New Wynd, between its junction with Baltic Street and Market Street within the town centre of Montrose.
Montrose has a population of circa 12,000 and is an important commercial centre. Its well-developed port acts as a support centre for the North Sea oil industry and is a bulk container shipping base.
Montrose is well located with Aberdeen 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east.The A90 is located close-by and the town is served by a mainline railway station. Adjacent to Montrose Basin, an internationally important wildlife reserve, the town is also close to several well regarded golf courses and provides a good selection of services and amenities to the surrounding area. Neighbouring occupiers include Energie Fitness, Domino’s Pizza, Nemetona, Boots, Argos Extra and Scotmid.
Property
The property comprises a mid-terraced single storey retail unit of modern construction surmounted by a pitched roof overlaid in concrete tile. The property benefits from a prominent frontage facing onto a shared car park within the town centre of Montrose. The property offers multiple display windows offering return frontage and access gained via dual double doors of aluminium framed and glazed construction.
Internally, the property is fitted out in accordance with the tenants corporate specifications, floors have been overlaid in linoleum and laminated timber with lighting provided by way of halogen spots and L.E.d’s recessed within the suspended ceiling. Partitions have been erected to form staff room, w.c and store room. The loading area is shared with the neighbouring occupiers, and is accessed via Baltic Street.
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: D.P. Realty Ltd
Expiry: 2037
Tenant Break: 2027
Passing Rent: £17,000p.a.x.
Rent Review: Every 5 years at a 5% Increase
Covenant
Domino’s Pizza is an internationally recognised brand trading in excess of 1,000 units across the UK.
Dp Realty Ltd (company no. 2882513) is the tenant and we understand this to be the property service company which holds the property on behalf of the main operation.
The property is occupied by a franchisee who we understand operates in excess of 100 stores throughout Scotland.
Area
The property has been calculated to extend to the following internal area;
Ground: 177.9sqm (1,915sq ft)
Price
The property is a available on a freehold basis for £240,000
V.A.T.
The property has been elected for V.A.T. As such the transaction may be treated as a T.o.G.C. (transfer of a going concern)
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
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