Let to Ladbrokes Betting & Gaming Limited (t/a Coral)
Lease until December 2025 (No breaks)
Nearby occupiers include Superdrug, Subway, Poundland and a number of local retailers
VAT-free investment
Lot 46
Auction 15th December 2022
Rent £22,500 per Annum Exclusive
Status Sold
Price £230,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north of Newcastle-under-Lyme, 12 miles east of Crewe
Roads
A34, A53, M6
Air
Manchester Airport
Situation
The property is prominently located on Tower Square in the town centre. Nearby occupiers include Superdrug, Subway, Poundland and a number of local retailers.
Tenure
Freehold.
Location
Miles
3 miles north of Newcastle-under-Lyme, 12 miles east of Crewe
Roads
A34, A53, M6
Air
Manchester Airport
Situation
The property is prominently located on Tower Square in the town centre. Nearby occupiers include Superdrug, Subway, Poundland and a number of local retailers.
Tenure
Freehold.
Description
The property comprises a betting shop arranged on the ground, basement and first 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
6 week completion
EPC
Please see legal pack.
Description
The property comprises a betting shop arranged on the ground, basement and first 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.
5 years from 20/12/2020 on a full repairing and insuring lease
£22,500
Total
387.50
(4,171)
£22,500
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) Ladbrokes employs 15,000 people in six countries and is one of the world's leading betting and gaming enterprises. Ladbrokes is a market leader in retail bookmaking in the UK, Ireland, Belgium and Spain where it operates a combined total of more than 2,700 betting shops (www.sports.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.
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