1 Victoria Court, Victoria Road, Waterside, Londonderry, BT47 2BT

Offers in the region of £400,000 exclusive 

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Property Description

  • Investment Opportunity
  • 1,978 sq ft (183.76 sq m)

The property is located within the Waterside area of Londonderry with frontage onto both Spencer Road and Victoria Road. The unit itself forms part of the Victoria Court apartment development and surrounding occupiers include Bassett’s, Vivo and O2.

The property comprises a ground floor commercial unit which is occupied by Domino’s Pizza and fitted to their corporate styling.

Domino’s Pizza is one of the world’s most recognised brands and it currently has over 1,200 stores throughout the UK and Ireland of which 31 are located in Northern Ireland.

Lease Details
Tenant: DP Realty t/a Domino’s Pizza
Lease Expiry: 13th October 2039
Rent: £25,000 per annum
Rent Review: 5 yearly upward only rent reviews. Next rent review 13th October 2023
Break Option: No tenant option to break

Investment Proposal
We are instructed to seek offers in the region of £400,000 exclusive. A purchase at this level would reflect a net initial yield of 6% allowing for a purchasers cost of 4.1%.

EPC - D90

Description Area
Ground Floor1978 square feet
Total Area:

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