Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding VAT-Free retail investment let to the undoubted covenant of Ladbrokes on a recently renewed lease.
Arranged as a ground floor retail unit with offices to the first floor, the property is fully let to Ladbrokes, a long standing occupier of 20+ years, on a recently renewed five year lease and paying £13,250 per annum. The lease includes a tenants break option 30.09.2026.
The property occupies a large site and includes substantial upper parts. We therefore consider the property may be suitable for redevelopment or conversion to alternative uses, including residential (subject to the existing lease and any requisite consents)
The property occupies a prominent pitch with a frontage to Elephant Lane and forms part of the principal local retail amenity for the surrounding residential area.
Tenure
Freehold
Rent