Freehold Retail Investment
Freehold Retail Investment
The property is prominently located on Tower Square in the town centre. Nearby occupiers include Superdrug, Subway, Poundland and a number of local retailers.
Freehold.
The property is prominently located on Tower Square in the town centre. Nearby occupiers include Superdrug, Subway, Poundland and a number of local retailers.
Freehold.
The property comprises a betting shop arranged on the ground, basement and first floors.
VAT is not applicable to this lot.
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.
6 week completion
Please see legal pack.
The property comprises a betting shop arranged on the ground, basement and first floors.
VAT is not applicable to this lot.
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.
6 week completion
Please see legal pack.
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground Basement First |
Betting Shop Ancillary Ancillary |
156.30 81.30 149.90 |
(1,682) (875) (1,614) |
LADBROKES BETTING & GAMING LIMITED (2) (t/a Coral) |
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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