Freehold Retail Investment
Freehold Retail Investment
The property is situated in the centre of Gloucester Parade on the north side of the busy Blackfen Road (A210) close to its junction with Westwood Lane and Wellington Avenue. Nearby occupiers include Lloyds TSB Bank, Betfred and Barclays Bank.
Freehold.
The property is situated in the centre of Gloucester Parade on the north side of the busy Blackfen Road (A210) close to its junction with Westwood Lane and Wellington Avenue. Nearby occupiers include Lloyds TSB Bank, Betfred and Barclays Bank.
Freehold.
The property comprises a ground floor retail unit and a 5 room maisonette on the first and second floors. The maisonette is accessed from the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit and a 5 room maisonette on the first and second floors. The maisonette is accessed from the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First and Second |
Net Frontage Shop Depth Retail Residential Maisonette |
5.13 m |
(16' 10") (58' 8") (1,164 sq ft) (Five Rooms) |
CORAL RACING LIMITED (1) |
10 years from 25/12/2010 on a full repairing and insuring lease (1) |
£17,200 | 25/12/2015 |
| Total Commercial Floor Area | 987.42 sq m |
(9,173 sq ft) |
£17,200 | ||||
(1) Coral Racing Limited are part of the Gala Coral Group. The Group focuses on high volume and low stake gambling. It operates over 2000 betting shops in the UK and Italy, 142 bingo clubs, 27 casinos, 2 greyhound stadia, a UK telephone betting business and a thriving online gambling business. (Source: www.Galacoral.co.uk).
(2) The lease provides for a tenant option to determine the lease on the 5th anniversary of the term on serving 6 months' notice.
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