Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Wednesday 22 April
    • High Yielding Retail Investment
    • Let to the 5A1 Covenant of Ladbrokes
    • 7 Year Lease Expiring 2032
    • Long Standing Occupier of 50+ Years
    • Asset Management Potential via rental increase
    • Established and Popular Location
    • Located in Chesterfield Town Centre
    • Investment Let at £20,600 p.a. (12.12% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment let to the 5A1 covenant of Ladbrokes.7 year lease 28.09.2032 and paying £20,000 per annum.. Ladbrokes have been long standing occupiers of over 45 years.

    The property occupies a prominent pitch with a frontage to Glumangate, close to the junction of the High Street, which is considered the main retail thoroughfare in Chesterfield. Nearby occupiers include HSBC ,Natwest ,Primark Card Factory, Clarks and a variety of other national and independent retailers.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to Ladbrokes Betting & Gaming Limited on a 7 year lease expiring 2032 and paying £20,600 per annum.

    The tenant is a long standing occupier having been in occupation for 50+ years.




    Ladbrokes Betting & Gaming Limited

    D&B Rating - 5A1

    Turnover (2022) - £1.03bn

    Pre-Tax Profit - £5.43bn

    Rent

    £20,600

    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.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      7 Glumangate occupies a prominent position on Glumangate, one of the main approach roads into Chesterfield town centre, and is within easy walking distance of the main town centre and principal retail area around Market Place, Vicar Lane and The Pavements, where nearby national occupiers include Primark and Boots. The property also benefits from good public transport links, being close to local bus stops on Rose Hill / New Beetwell Street and within walking distance of Chesterfield Railway Station.

      Transport

      Chesterfield Rail Station - 0.6 Miles

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      Addendums