Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on the north side of High Street (A4061), in the heart of the town centre. Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs.
Freehold.
The property is prominently situated on the north side of High Street (A4061), in the heart of the town centre. Nearby occupiers include Iceland Supermarket, Superdrug, Boots Pharmacy, Domino's and Greggs.
Freehold.
The property comprises a double-fronted betting office arranged on the ground 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.
Six Week Completion
Band C
The property comprises a double-fronted betting office arranged on the ground 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.
Six Week Completion
Band C
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas (Approx sq ft) (1) |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground/First | Betting Office/Ancillary | 163.78 |
(1,763) |
DONE BROTHERS (CASH BETTING) LIMITED (2) (t/a Betfred) | 5 years from 13/03/2024 on a full repairing and insuring lease | £18,500 |
| Total | 163.78 |
(1,763) |
£18,500 |
(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates).
(2) For the year ending 25/09/2022, Done Brothers (Cash Betting) Limited reported a turnover of £418,840,000, a pre-tax profit of £40,464,000 and a net worth of £77,595,000 (www.northrow.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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