6 Market Place Newbury Berkshire RG14 5AY

6 Market Place
Newbury
Berkshire
RG14 5AY

Prominent Betting Shop Investment

  • Let to Ladbrokes Betting & Gaming Limited
  • Lease expires December 2022
  • Prominent corner location opposite The Kennet Shopping Centre with tenants including Pizza Express, TK Maxx, Nando’s and Caffè Nero
  • Other nearby occupiers include Vue Cinema, Bill’s, Ask and White Stuff
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    76
  • Auction
    7th July 2016
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prominent Betting Shop Investment

  • Let to Ladbrokes Betting & Gaming Limited
  • Lease expires December 2022
  • Prominent corner location opposite The Kennet Shopping Centre with tenants including Pizza Express, TK Maxx, Nando’s and Caffè Nero
  • Other nearby occupiers include Vue Cinema, Bill’s, Ask and White Stuff
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 76
  • Auction 7th July 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
19 miles west of Reading, 27 miles south of Oxford
Roads
A4, A39, A339, M4 (Junction 13)
Rail
Newbury Railway Station
Air
Heathrow Airport
Situation

The property is situated in a prominent corner position at the junction of Market Place and Bear Lane. Immediately opposite is The Kennet Shopping Centre, housing occupiers including Pizza
Express, Superdrug, Poundland and Caffè Nero. Other nearby occupiers include Marks & Spencer, Tesco Metro, Boots the Chemist, H&M, New Look, Bill’s and Ask Italian.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn ground rent.

Location
Miles
19 miles west of Reading, 27 miles south of Oxford
Roads
A4, A39, A339, M4 (Junction 13)
Rail
Newbury Railway Station
Air
Heathrow Airport
Situation

The property is situated in a prominent corner position at the junction of Market Place and Bear Lane. Immediately opposite is The Kennet Shopping Centre, housing occupiers including Pizza
Express, Superdrug, Poundland and Caffè Nero. Other nearby occupiers include Marks & Spencer, Tesco Metro, Boots the Chemist, H&M, New Look, Bill’s and Ask Italian.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn ground rent.

Description

The property comprises a ground floor betting office, forming part of a larger building. The tenant occupies the majority of the ground floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor betting office, forming part of a larger building. The tenant occupies the majority of the ground floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground
Betting Office/Ancillary
287.53 sq m
(3,095 sq ft)
LADBROKES BETTING
& GAMING LIMITED (1)
10 years from 03/12/2012 on
a full repairing and insuring
lease
£75,000 03/12/2017
(02/12/2022)
Totals  
287.53 sq m
(3,095 sq ft)
    £75,000

NB. The Seller has served notice on the residential tenants on the upper floors, pursuant to Section 5B of the Landlord and Tenant Act 1987.
(1) For the year ending 31st December 2014, Ladbrokes Betting & Gaming Limited reported a turnover of £824,322,000, pre-tax profits of £57,141,000 and a total net worth of £1,096,567,000 (Source: Experian Group 25/05/2016).

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    535 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    88 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shranks Solicitors Ruskin House40-41 Museum Street
London
WC1A 1LT
Jeremy Ticktum 020 7831 6677jt@shranks.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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