70 Scotch Street

This subject comprises a three‑storey property of block construction with a tiled, pitched roof and an attractive grey rendered façade showcasing the tenant’s branded signage.  The building includes double glazing throughout and benefits from rear fire escapes leading to a communal yard with parking and shared access.

The ground floor is fitted out to a high corporate standard, including a full-height glazed shopfront and a fully equipped commercial kitchen with pizza ovens, extraction system, walk‑in freezer and staff facilities. Customer and prep areas are finished with durable vinyl flooring, suspended ceilings, integrated lighting, air handling units and CCTV.  A permanent steel stairwell connects to the basement, which provides multiple storage rooms and an additional fire escape. The upper floors form part of the tenant’s demise and offer office accommodation with carpeted stair access, plastered and painted walls, suspended ceilings, uPVC double glazing and standard electrical provision. The first floor includes a kitchenette, while the second floor provides further office space, storage rooms and a shower room with WC.

Overall, the property presents a well‑maintained, modern commercial unit with quality finishes throughout and strong functionality for retail, food service and office use.

TENANCY

The subject property is fully let to DP Realty Limited on an internal, repairing and insuring lease from 1st February 2016 at a current passing rent of £26,000 per annum. The rent is reviewed every five years to open market rent with the rent review dated 1st February 2026 not yet actioned. The lease is currently being varied to remove a break option and extend the lease term to 2041 to provide a purchaser with 15 years’ term certain. A copy of the lease documentation is available on request to the agent.

COVENANT

DP Realty Limited is a UK-based company incorporated in 1993, operating primarily as the property holding company for Domino's Pizza Group Plc. As at Q1 2026, DP Realty Limited have a Dunn & Bradstreet Rating of 2A3 with a Low-Moderate risk and a Tangible Net Worth of £6,586,000. As at 29th November 2024, DP Realty Limited recorded a Turnover of £3,347,000 and a Net Profit of £522,000.

TITLE

We are advised that the property is held by way of Freehold / Long Leasehold title.

RATEABLE VALUE

We have been advised by Land and Property Services of the following for the year 2025/26:

Net Annual Value - £13,700 per annum

Rate in £ 2026/27 - £0.602020

Rates Payable (if applicable) per annum - £8,247.67

ASKING PRICE

We are instructed to seek offers in the region of £375,000 exclusive which represents a Net Initial Yield of 6.67% after standard purchaser’s costs.