Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity let to the undoubted covenant of Ladbrokes Betting & Gaming Limited (t/a Coral).
Arranged across basement, ground, first and second floors, the property comprises two retail units fronting Market Place and Derby Street, the properties are interlinked at the rear to form a single contiguous space with effectively a double frontage.
The ground floor and basement is let to Ladbrokes Betting & Gaming Limited (t/a Coral) on a five year lease expiring 31/01/2027 and paying £19,500 per annum. The lease is on effective full repairing and insuring terms and has no breaks.
The upper parts comprise office accommodation and are sold off on a long leasehold basis paying a peppercorn rent.
The property offers asset management potential and medium/long term development potential as it could evidently be split in the future to provide two retail units (subject to the existing leases and obtaining any requisite consents).
Tenure
Freehold
Rent
Notes