£486,000
(£0.67/sq. ft)
Restaurant for saleUpper Richmond Road, London SW15
722 sq. ft
EPC Rating: D
About this property
Situation & Location
The property is situated on the the northern side of Upper Richmond Road, close to East Putney underground (District Line). The property lies adjacent to Pizza Express. Home Restaurant and Nando’s are close by. Please see location plan below.
Description & Accommodation
The property comprises a self-contained basement and ground floor unit with forecourt and rear yard. Ground floor sales area 341 sq ft Basement kitchen/prep 381 sq ft
Tenancy
The property is let to dp Realty Ltd t/a Dominos on effectively full repairing and insuring lease for a term of 15 years from 25th March 2012, thus expiring on 24th March 2027, at a current rent of £36,000 per annum. The lease is taken outside the security of tenure provisions of the Landlord & Tenant Act 1954.
Dp Realty is the intermediary lessor for the vast majority of the Domino’s franchised store network in the UK and Ireland and its last reported gross lease income was in excess of £194 million.
Guide Price £486,000 to give a net initial yield of 7.13 % after usual purchase costs.
Legal Costs Each party to bear their own Energy Performance Certificate In preparation
VAT The property is not opted nb The upper maisonette is available by separate negotiation
The property is situated on the the northern side of Upper Richmond Road, close to East Putney underground (District Line). The property lies adjacent to Pizza Express. Home Restaurant and Nando’s are close by. Please see location plan below.
Description & Accommodation
The property comprises a self-contained basement and ground floor unit with forecourt and rear yard. Ground floor sales area 341 sq ft Basement kitchen/prep 381 sq ft
Tenancy
The property is let to dp Realty Ltd t/a Dominos on effectively full repairing and insuring lease for a term of 15 years from 25th March 2012, thus expiring on 24th March 2027, at a current rent of £36,000 per annum. The lease is taken outside the security of tenure provisions of the Landlord & Tenant Act 1954.
Dp Realty is the intermediary lessor for the vast majority of the Domino’s franchised store network in the UK and Ireland and its last reported gross lease income was in excess of £194 million.
Guide Price £486,000 to give a net initial yield of 7.13 % after usual purchase costs.
Legal Costs Each party to bear their own Energy Performance Certificate In preparation
VAT The property is not opted nb The upper maisonette is available by separate negotiation
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Monthly repayment
£2,431 per month
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