Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a three storey building arranged as a ground floor shop with office and ancillary accommodation on the first and second floors.
Tenure
Freehold.
Accommodation
Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Ground - 154.30 sq m (1,661 sq ft)
First - 32.10 sq m (346 sq ft)
Second - 39.40 sq m (424 sq ft)
Total - 225.80 sq m (2,431 sq ft)
Tenancy
The property is entirely let to Merkur Slots UK Ltd on a 15 year lease from 25.09.2024 until 24.09.2039 at a rent of £80,000 pa. The property has been sub-let to a tenant trading as Well Home. The lease provides for a break option and rent review on 25.09.2029 and 25.09.2034.
Tenant Profile for year ending December 2024
Merkur Slots UK Ltd
Turnover: £196,715,000
Pre-tax profit: £6,707,000
Total assets: £68,073,000
Rent
Notes
VAT is applicable to the sale. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).