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Floorplan
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    Key features

    • To be offered on Tuesday 24 September
    • Town Centre Betting Office let to Ladbrokes
    • Let to Ladbrokes on a lease expiring 2028(1)
    • 2024 Break not exercised
    • Well located in the town centre
    • Nearby occupiers include William Hill (opposite)
    • Ladbrokes in occupation since 2001
    • VAT is not applicable
    • Current Rent Reserved £17,000 pa
    • Guide Price £135,000 (reflecting 12.59% GIY)

    Description

    The Grade B Listed property is arranged over ground floor only to provide a betting office with ancillary staff accommodation and WC.


    The property forms part of a larger building not included in the sale.


    Additional information

    Tenure

    Heritable

    Accommodation

    Ground Floor - 96.36 sq m (1,037 sq ft)


    N.b. Not measured by Savills. Floor areas sourced from saa.gov.uk

    Tenancy

    Let to Ladbrokes Betting and Gaming Limited on a lease for a term of 27 years from 21st December 2001 at a current rent of £17,000 per annum.

    The lease provides for rent reviews every 5th year and contains full repairing and insuring covenants.

    (1)There is a tenant break option on 27.05.2026


    Tenant information

    Website: sports.ladbrokes.com

    For the year ended December 2022, Ladbrokes Betting and Gaming Limited reported a turnover of £1.03bn, a pre-tax profit of £54.3m, Shareholders funds of £1.195bn and a net worth of £1.15bn (Source: Incans.com 10/09/2024)


    Rent

    £17,000 per annum

    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.

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      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

      • Hamilton is a large town in South Lanakshire, Scotland
      • It is situated about 12 miles southeast of Glasgow, at the confluence of the River Clyd and the Avon Water
      • Hamilton is the forth largest town in Scotland
      • The property is located to the north side of Cadzow Street in the town centre and close to it's junction with Keith Street, Townhead Street, Castle Street and Quarry Street
      • Nearby Occupiers include William Hill (opposite), Crema and Semi-Chem amongst others
      • On-street parking is provided on Cadzow Street itself whilst there are a number of pay and display car parks within the vicinity.
      Transport

      National Rail - Hamilton Central (ScotRail)

      Legal documents

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      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