Double-fronted betting office let to Ladbrokes Betting & Gaming Limited
Lease expires December 2025
VAT-Free Investment
Approx. 4,500 sq ft in total
Nearby occupiers include Lidl, Morrisons Daily, Farmfoods, Home Bargains, B&M and The Post Office
Lot 35
Auction 3rd November 2022
Rent £20,000 per Annum Exclusive
Status Sold
Price £210,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north of Stoke-on-Trent, 34 miles south of Manchester
Roads
A34, A52, A53, M6
Rail
Longport Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the east side of St. John's Square, between Queen Street and Market Place, which are the town's principal retailing thoroughfares. Nearby occupiers include Lidl, Morrisons Daily, Farmfoods, Home Bargains, B&M and The Post Office.
Tenure
Freehold.
Location
Miles
3 miles north of Stoke-on-Trent, 34 miles south of Manchester
Roads
A34, A52, A53, M6
Rail
Longport Railway Station
Air
Manchester Airport
Situation
The property is prominently situated on the east side of St. John's Square, between Queen Street and Market Place, which are the town's principal retailing thoroughfares. Nearby occupiers include Lidl, Morrisons Daily, Farmfoods, Home Bargains, B&M and The Post Office.
Tenure
Freehold.
Description
The property comprises a double-fronted betting shop arranged on the ground floor with self-contained office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a double-fronted betting shop arranged on the ground floor with self-contained office accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Note
Please note the buyer will pay 1.5% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground First Second
Betting Office Office/Ancillary Office/Ancillary
167.22 126.35 124.49
(1,800) (1,360) (1,340)
LADBROKES BETTING AND GAMING LIMITED (t/a Coral) (2)
20 years from 20/12/2005 on a full repairing and insuring lease
£20,000
Total
418.05
(4,500)
£20,000
(1) Areas provided by VOA (www.gov.uk/business-rates) (2) Ladbrokes Betting and Gaming Ltd operate from just over 2,150 betting shops across the UK (www.ladbrokes.com)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
