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The property comprises a high yielding retail investment let to Admiral Casino and forming part of a popular local parade.
Arranged across ground and first floors, the property is fully let to Luxury Leisure t/a Admiral Casino & Kwik Tan on a 10 year lease expiring 31.01.2027 and paying £25,200 per annum.
We consider the property offers asset management potential via renewal of the lease. The tenant also occupies the two adjacent units and has interlinked to form a single retail space. The tenant recently commenced a new 10 year lease on this unit emphasising their commitment to the location.
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.
Tenure
Freehold
Tenancy
The property is fully let to Luxury Leisure t/a Admiral Casino & Kwik Tan on a 10 year lease expiring 31.01.2027 and paying £25,200 per annum.
We understand the lease is on full repairing and insuring terms.
The tenant also occupies the two adjacent units and has interlinked to form a single retail space. The tenant recently commenced a new 10 year lease on this unit emphasising their commitment to the location.
Luxury Leisure Limited
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
Notes
We understand VAT is applicable.