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The property comprises a high yielding retail investment opportunity let to Paddy Power with vacant upper parts.
Arranged across ground and three upper floors, the ground floor is let to Power Leisure Bookmakers Limited (t/a Paddy Power) on a new 10 year lease expiring 21/04/2034 and producing £39,500 per annum.
The upper parts are currently vacant and provide approx. 5,178 sq ft (481.04 sq m) of accommodation. There may be potential to convert to alternative uses subject to obtaining the requisite consents.
The property occupies a prime pitch fronting the pedestrianised High Street, nearby occupiers include Robert Dyas, McDonalds and Spar.
Tenure
Freehold
Tenancy
The ground floor is let to Power Leisure Bookmakers Limited (t/a Paddy Power) on a new 10 year lease expiring 21/04/2034 and producing £39,500 per annum.
The lease is guaranteed by Flutter Entertainment Plc and includes a tenants break option in the 5th year.
The upper parts are offered with full vacant possession.
Power Leisure Bookmakers Limited
Planning
Whilst there are no extant planning consents, there may be potential to convert the upper parts to alternative uses, including residential (subject to obtaining the requisite consents).
Rent