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    Key features

    • To be offered on Tuesday 24 September
    • High Yielding Retail Investment
    • Let to Done Brothers (Cash Betting) Ltd t/a Betfred
    • Lease Expires 23/06/2027
    • Producing £17,000 per annum
    • 2024 Break Option Not Exercised
    • 974 sq ft (90.48 sq m)
    • Asset Management Potential
    • Guide Price Reflects 13.07% Gross Yield

    Description

    The property comprises a high yielding retail investment let to the undoubted covenant of Betfred.

    Arranged across basement and ground floors, the triple fronted retail unit is let to Done Brothers (Cash Betting) Limited t/a Betfred for a term of five years expiring 23/06/2027 and paying £17,000 per annum.

    The property occupies a prominent corner pitch in the heart of Dewsbury, with a number of local and national occupiers in the vicinity including Halifax, Lloyds, Costa, Boots and Specsavers.

    Additional information

    Tenure

    Long Leasehold - 999 Years from 13/01/2006 at a Peppercorn Rent

    Tenancy

    The property is let to Done Brothers (Cash Betting) Limited t/a Betfred for a term of five years expiring 23/06/2027 and paying £17,000 per annum.


    The lease is on full repairing and insuring terms and includes an annual tenants break option on 23rd December with minimum six months notice.


    Done Brothers (Cash Betting) Limited


    • D&B Rating - 5A2
    • Turnover (2022) - £418m
    • Pre-Tax Profit (2022) - £40.46m
    • Total Assets (2022) - £485m
    • Employees - 4,929

    Rent

    £17,000 per annum

    Notes

    Joint Agent


    Joseph Bachman

    07723 619 270

    joseph@bluealpine.com

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      EPC rating

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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.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      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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