Newly-Opened Freehold Betting Office with Vacant Upper Parts
Large ground floor shop let to Betfred
New 10 year lease from May 2024 (subject to option)
Tenant relocated from previous town centre location
Separately-accessed vacant upper floors - approximately 3,175 sq ft with residential conversion potential into four flats (subject to consents) - see floor plans
Prime town centre location with nearby retailers including Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon
Lot 31
Auction 9th July 2024
Rent £25,000 per Annum Exclusive plus circa 3,175 sq ft vacant upper floors
Newly-Opened Freehold Betting Office with Vacant Upper Parts
Large ground floor shop let to Betfred
New 10 year lease from May 2024 (subject to option)
Tenant relocated from previous town centre location
Separately-accessed vacant upper floors - approximately 3,175 sq ft with residential conversion potential into four flats (subject to consents) - see floor plans
Prime town centre location with nearby retailers including Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon
Lot 31
Auction 9th July 2024
Rent £25,000 per Annum Exclusive plus circa 3,175 sq ft vacant upper floors
Status Available
Guide* £270,000
Sector High Street Retail/Residential/Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles south-west of Exeter
Roads
A30, A39, A390, A3058
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
The property is prominently situated on the north side of the pedestrianised Fore Street, close to the White River Place Shopping Centre. Nearby retailers include Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
13 miles north-east of Truro, 39 miles west of Plymouth, 74 miles south-west of Exeter
Roads
A30, A39, A390, A3058
Rail
St Austell Railway Station
Air
Newquay Airport
Situation
The property is prominently situated on the north side of the pedestrianised Fore Street, close to the White River Place Shopping Centre. Nearby retailers include Iceland, Holland & Barrett, Boots the Chemist, Costa, Subway, Timpson and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a newly opened betting office arranged on the ground floor, with ancillary accommodation on the first and second floors, offered vacant, and accessed from both Fore Street and Biddicks Court. The upper floors may be suitable for change of use to residential, subject to obtaining the necessary consents. The property benefits from rear loading access.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a newly opened betting office arranged on the ground floor, with ancillary accommodation on the first and second floors, offered vacant, and accessed from both Fore Street and Biddicks Court. The upper floors may be suitable for change of use to residential, subject to obtaining the necessary consents. The property benefits from rear loading access.
(1)Floor areas provided by VOA (www.gov.uk/find-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) (3) The lease is subject to a tenant option to determine on 15/05/2029.
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.
