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The property comprises a high yielding retail investment let to the well established covenant of Betfred.
Arranged across ground floor only and forming part of a popular local parade, the property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new five year lease expiring 07.07.2029 and producing £9,100 per annum.
The tenant has been in occupation for over 15 years with the current lease agreed in July 2024 being a renewal of a previous existing lease, displaying confidence in the location.
The property forms part of a popular local parade providing local retail amenity, nearby occupiers include Heron Foods, Greggs and Costcutter.
Tenancy
The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new five year lease expiring 07/07/2029 and producing £9,100 per annum.
The lease is on full repairing and insuring terms, and includes a tenants break option in the third year.
The tenant has been in occupation for over 15 years with the current lease agreed in July 2024 being a renewal of a previous existing lease, displaying confidence in the location.
Done Brothers (Cash Betting) Limited
Rent
Notes
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.
Please refer to the legal pack. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.