2 September 2025: Tuesday 02 September 2025 - 9:00am
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    Key features

    • High Yielding Retail Investment
    • 3 x Retail Units and Upper Parts
    • Fully Let to Luxury Leisure t/a Admiral Casino & Kwik Tan
    • 3 x 10 Year Leases Expiring 21.02.2034 and 31.01.2027
    • Units Interlinked Internally
    • Asset Management Potential
    • 3,326 sq ft (308.99 sq m)
    • Investment Let at £73,350 p.a. (16.3% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment let to Luxury Leisure Limited, a national retailer operating brands including Kwik Tan and Admiral Casino.

    Arranged as three adjacent retail units across groudn and first floors, the property is fully let to Luxury Leisure Limited on three separate leases, however we understand the properties have been internally interlinked to create a single retail space. The total rent receivable is £73,350 per annum.

    Unit 91A is let on a recently agreed 10 year lease expiring 21.02.2034 and paying £23,500 per annum

    Unit 91B is let on a 10 year lease expiring 31.01.2027 and paying £25,200 per annum. The tenant did not serve their 2022 break option.

    Unit 93 is let on a 10 year lease expiring 31.01.2027 and paying £24,650 per annum. The tenant did not serve their 2022 break option.

    Given the tenants recent renewed committment to the location via the leasing of an additional unit (91A), we consider the property may benefit from asset management potential via extension/renewal of the leases for Units 91B and 93.

    The property forms part of a popular local parade with a frontage to Front Street, the principal retail amenity in Arnold. The parade is characterised by a mix of local and national occupiers with nearby tenants including Boots, British Heart Foundation and Iceland.

    Additional information

    Tenure

    Freehold

    Tenancy

    Luxury Leisure Limited


    • D&B Rating - 3A1
    • Turnover (2023) - £141m
    • Pre-Tax Profit (2023) - £14.86m


    Luxury Leisure is one of the UKs largest gaming companies. Generally trading as Admiral Casino with additional brands including Kwik Tan, Coffee Trader and the Family Entertainment Centre, the business trades from over 280 venues nationwide.

    Rent

    £73,350 per annum
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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

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      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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