Leeds Bradford International Airport, Manchester Airport
Situation
The property is situated south-east of Bradford city centre, just off Tong Street (A650), and has strong connections to Bradford's ring road (A6177) and the M606 and M62. Netto and The Avenue Retail Park are located adjacent to the property, with occupiers including Superdrug, PoundStretcher, Iceland and Wynsors Shoes.
Tenure
Freehold.
Location
Miles
7 miles west of Leeds, 10 miles north of Huddersfield
Leeds Bradford International Airport, Manchester Airport
Situation
The property is situated south-east of Bradford city centre, just off Tong Street (A650), and has strong connections to Bradford's ring road (A6177) and the M606 and M62. Netto and The Avenue Retail Park are located adjacent to the property, with occupiers including Superdrug, PoundStretcher, Iceland and Wynsors Shoes.
Tenure
Freehold.
Description
The property comprises a single storey bingo club on a site of approximately 0.625 hectares (1.545 acres) with site coverage of approximately 50 The property benefits from some 105 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a single storey bingo club on a site of approximately 0.625 hectares (1.545 acres) with site coverage of approximately 50 The property benefits from some 105 car parking spaces.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Bingo Hall
3,019 sq m
(32,469 sq ft)
GALA LEISURE LIMITED (1) (with a guarantee from Gala Group Finance plc)
25 years from 19/09/2005
£206,650
2.5% compound annual increases each year
Totals
3,019 sq m
(32,469 sq ft)
£206,650
(1) Gala Bingo and galabingo.co.uk are both part of the Gala Coral Group, Europe's leading gaming operator, with 143 clubs throughout the UK, 22 million admissions every year and a 40market share with over 5 million members and an established land based betting business in Italy. The Gala Coral Group is the only gambling company in the UK with significant businesses in the bookmaking, bingo and casino markets, both on the High Street and online. (Sources: www.galabingo.co.uk and www.galacoral.co.uk 09/11/2011). For the year end 25th September 2010 Gala Leisure Limited reported a turnover of £308,199,000, pre-tax profits of negative £33,748,000 and a net worth of £162,377,000. (Source: www.riskdisk.com 14/11/2011)
