35 Horseshoe Street, Northampton, Northamptonshire

Situation and Description

The property is located on the edge of the town centre close to the entrance to the car park for the St Peters Way Retail Park.

The property occupies a detached prominent corner position overlooking the junction of Horseshoe Street and Woolmonger Street.

The accommodation, which is trading as Dominos Pizza, is arranged over ground and first floors. The ground floor comprising food preparation and pizza ovens, customer service area, walk in freezers, washing up areas and a cloakroom. There is a central staircase leading to the first floor, which comprises 3 offices.

Planning

There is no recent planning history available online to view about the property. Interested Parties should make their own enquiries to West Northamptonshire Council.

Legal Fees

Each party will be responsible for their own legal fees.

EPC

Rating C

Costs

.

Accommodation Text

Ground Floor
Gross Floor Area 1,245 sq.ft. (115 sq.m.) Approx
First Floor 457 sq.ft. (42.5 sq.m) Approx

Tenure Comments

The property is held by way of a full repairing and insuring 20 year from 25 December 2011. Let to DP Reality Limited. Annual rental of £18,500 pa plus VAT

User Clause is Class A3, A4 and A5 or any other use subject to landlords consent

The lease is subject to 5 yearly upward only rent reviews. There is a rent review on 25th December 2026
The lease also included a tenant only break clause at the 10th anniversary of the lease

Underlease
The property is held by way of an underlease from 24 December 2021 expiring 24 September 2031 to Hala Limited who are a franchisee of Dominos Pizza.

TENANT COVENANT STRENGTH
The latest accounts for DP Reality Limited (company No. 02882513) show revenue of £3.347m for the year ending December 2024. Gross Profit of £1.8m and a profit after tax of £522,000.
Total Shareholders funds £7,305,000

INVESTMENT FOR SALE