Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to the undoubted covenant of Ladbrokes.
Arranged as a double fronted retail unit, the property is let to Ladbrokes Betting & Gaming Limited on a 15 year lease 22.05.2035 and paying £24,500 per annum.
We understand the upper parts comprise residential accommodation arranged as two flats, however we understand they are not used by the tenant. We therefore consider the property may offer asset management potential by regaining possession of these upper parts.
The property occupies a prominent pitch with a frontage to Chapel Street, close to the junction of Main Street. The street is the main thoroughfare from several town centre car parks with an approx. 135 spaces as well as Bingley Station which is immediately to the rear of the property. The 5 Rise Shopping Centre is opposite and nearby tenants include Home Bargains, Co-Op, Boots and Subway.
Tenure
Freehold
Tenancy
The property is let to Ladbrokes Betting & Gaming Limited on a 15 year lease expiring 22.05.2035 and paying £24,500 per annum.
The lease is on full repairing and insuring terms and includes tenants break options in 2028 and 2030. The tenant is a long standing occupier having been in occupation for 15+ years.
Ladbrokes Betting & Gaming Limited
D&B Rating - 5A1
Turnover (2022) - £1.03bn
Pre-Tax Profit - £5.43bn
Rent