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    Key features

    • To be offered on Wednesday 29 May
    • High Yielding Retail Investment
    • Let to Ladbrokes
    • 10 Year Lease With No Breaks
    • 1,422 sq ft (132.1 sq m)
    • Lease Expires 27/02/2029
    • Producing £16,000 per annum
    • Only major betting shop on the island
    • Guide Price Reflects 12.4% Gross Yield
    • VAT Free Investment

    Description

    The property comprises a ground floor commercial unit fully let to Ladbrokes on a lease expiring 27/02/2029 at a current passing rent of £16,000 per annum with no breaks.

    The property is located in Rothesay's town centre on Montague Street close to its junction with Tower Street. More generally, the property is the only major betting shop on the Isle of Bute, and the nearest competing betting shop is in Largs, which requires an approx. 1 hour ferry to access.

    The historic island of Bute is situated at the heart of the Firth of Clyde off of Scotland's west coast and is popular tourist destination renowned for it's landscapes and beautiful views.

    Additional information

    Tenure

    Freehold

    Tenancy

    Let to Ladbrokes on a lease expiring 27/02/2029 with no breaks at a current passing rent of £16,000 per annum.

    The tenant agreed to remove the break clause in November 2024 via a deed of variation signed in February 2024.

    Rent

    £16,000 per annum

    Notes

    Please note the approximate areas have been provided by the VOA 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.




    Joint Agent

    Jas Aujla

    jas@tsapc.co.uk

    07810 717 229



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      EPC rating

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      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.

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