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Dominos Pizza, 1-3 Portland Street, Troon, KA10 6AA

1,431 Sq Ft / Leisure

Sold - Last updated: 21 February 2024

Prominent Corner Unit

1,431sq ft

Private Parking

Let To Domino’s Pizza

Expiry: 23rd July 2043

Passing Rent: £25,XXX.a. (Vendor Will Top Up To £28,XXX.a.)

Fixed Increase In 2028 to £28,XXX.a.

Sale: o/o £350,000

 

Location

 

Portland Street is the main commercial street within Troon Town Centre with the property occupying a prominent corner position at the crossroads junctions with Ayr Street, Templehill and West Portland Street. Troon is an affluent coastal town located within the South Ayrshire region and has a population of around 15,000 persons. The town lies 34 miles south west of Glasgow and 10 miles north of Ayr, accessible via the A78 and A77 road routes. Troon railways station, a short walk from the property, offers fast and regular services to Ayr and Glasgow. Neighbouring occupiers include Subway, Spar, Farmfoods and Greggs, amongst others. 

 

Property

 

The property comprises a ground floor commercial unit located on the corner of Portland Street and Templehill as part of a 2 storey mixed use development. The property benefits from a return frontage of aluminium framed and glazed construction facing onto Templehill and Portland Street, with access by way of a partially recessed door to the front with access to the rear also by way of a car park. 

 

Internally the property offers customer servery and casual dining space along the front windows, with partition counter creating the large open kitchen and food prep area. A corridor leads to the rear providing stores, w.c. facilities, office and rear access to the car park. The property has been extensively refurbished by the tenant to include L.E.D. lighting, new laminated timber and linoleum flooring along with upgraded gas and electricity supplies. 

 

Area

 

The property has been measured a net internal area basis and calculated to extend to the following floor area;

 

Ground: 133sqm (1,431sq ft)

 

Executive Summary

 

The property is held on a full repairing and insuring head lease with schedule of condition on the following terms;

 

Tenant: DP Realty Ltd t/a Dominos Pizza

Expiry: 23rd July 2043

Tenant Break: 2033-2034 providing not less than 6 months notice

Tenant has Option To Extend

Passing Rent: £25,XXX.a. (Vendor Will Top Up To £28,XXX.a.) 

Rent Increase: In 2028 To £28,XXX.a.

Rent Review: 2033 & 2038

Further: 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. 

 

Sale

 

The property is available on a freehold basis for o/o £350,000

 

V.A.T.

 

Figures quoted are exclusive of V.A.T. 

 

E.P.C.

 

A copy of the E.P.C. will be made available for any interested party

 

Title & Lease

 

Available on request

 

Viewing 

 

Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business. 

Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business. 

 

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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