Busy Retail Park
Held On F.R.I Lease
Let To Dominos Pizza
Held On F.R.I Lease
Expiry: November 2036
Passing Rent: £26,940p.a.x.
Price On Request
Location
Greenlaw Village is the retail heart of a new development within the affluent Newton Mearns suburb of Glasgow. The site was developed by Gleniffer Estates who secured Waitrose as the anchor tenant to the scheme and has attracted a number of national tenants. The final phase of the development was completed in Spring 2014.
The development benefits from staff car parking and service access to the rear, and there are 179 shared customer car parking spaces to the front. The main car park is common to, and bordered by, the subject retail parade, Zyca Indian Bar & Grill, Home Bargains and Pets at Home, which are not included as part of this sale.
Greenlaw Village is a retail development in the heart of Newton Mearns, one of Glasgow’s most affluent suburbs, lying some 10 km (7 miles) southwest of Glasgow city centre. Greenlaw Village has seen a number of recent developments including a Premier Inn, Beefeater restaurant, a retirement living complex, the Isobel Mair School and over 500 new homes.
Greenlaw Village has attracted a number of national retailers such as Tesco, Waitrose, Home Bargains and Pets at Home because of the affluence of the immediate catchment area and good transport links.
Greenlaw Village is located adjacent to Junction 4 of the M77 motorway. The subject property is located at the entrance to Greenlaw Village on the western side of the development. Nearby retailers and services include Waitrose, Premier Inn, Pets at Home, Home Bargains, a medical centre and the Isobel Mair School
Property
The property comprises a mid-terraced single storey retail unit set within a larger retailing parade.
The property has been extensively fitted out by the tenant to their corporate specifications with L.E.D. lighting throughout along with aluminium framed and glazed frontages. The property also benefits from rear access to a private service area.
Area
92.44sqm (995sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: DP Realty Limited “Dominos Pizza”
Expiry: 6th November 2036
Tenant Break: 7th November 2026
Passing Rent: £26,940p.a.x.
Further Information: DP Realty Limited, a wholly owned subsidiary of Domino's Pizza Group plc, manages the leases for Domino's Pizza stores across the UK and Ireland.
As of 2023, Domino's Pizza operates over 1,200 units across the UK reporting an annual turnover of £3.2 million with net assets of £6.8 million
Sale
Price on request
V.A.T
The property has been elected for V.A.T as such the transaction will he treated as a transfer of a going concern (ToGC)
Lease & Title
Available on request
Legals
Each party shall bear their own legal costs incurred in the transaction
E.P.C
Available on request
Viewing
Viewings of the customer areas can be carried out during normal opening hours however no approach is to be made to staff. Further viewings can be arranged via the marketing agent.