Entirely let to Done Brothers (Cash Betting) Limited t/a Betfred until 2025 (subject to option)
Established as a betting shop for over 15 years
Nearby occupiers include Boots the Chemist, Costa Coffee, Caffé Nero and Greggs
Popular and affluent Hampshire market town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 67
Auction 8th December 2016
Rent £32,500 per Annum Exclusive
Status Sold
Price £440,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Rail
Air
London Heathrow Airport, Southampton Airport
Situation
The property is situated on the northern side of High Street, occupying a prominent pitch adjacent to Clarks and Santander. Other nearby occupiers include Boots the Chemist, Costa Coffee, Caffé Nero, Greggs, M & Co, Waterstones and branches of Natwest, TSB, and Halifax Banks. Bank Car Park (approximately 130 spaces) is situated immediately to the rear and Manor Car Park (approximately 50 spaces) is also located nearby.
Tenure
Freehold.
Location
Miles
17 miles north-east of Winchester, 20 miles south-west of Guildford
Roads
A3, M3
Rail
Alton Rail
Air
London Heathrow Airport, Southampton Airport
Situation
The property is situated on the northern side of High Street, occupying a prominent pitch adjacent to Clarks and Santander. Other nearby occupiers include Boots the Chemist, Costa Coffee, Caffé Nero, Greggs, M & Co, Waterstones and branches of Natwest, TSB, and Halifax Banks. Bank Car Park (approximately 130 spaces) is situated immediately to the rear and Manor Car Park (approximately 50 spaces) is also located nearby.
Tenure
Freehold.
Description
The property comprises a ground floor betting shop with a self contained one bedroom flat at first floor (previously used as office accommodation). The property benefits from car parking for approximately 4 cars to the rear of the property.
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 shop with a self contained one bedroom flat at first floor (previously used as office accommodation). The property benefits from car parking for approximately 4 cars to the rear of the property.
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.
10 years from 29/09/2015 until 28/09/2025 (2) on a full repairing and insuring lease
£32,500
29/09/2020
Total
115.22 sq m
(1,240 sq ft)
£32,500
(1) For the year ending 27th September 2015, Done Brothers (Cash Betting) Limited reported a turnover of £288,012,000, pre-tax profits of £7,489,000 and a total net worth of £117,912,000 (Source: Experian Group 07/11/2016). Fred Done and his brother Peter started the chain with a single betting shop in Salford in 1967 and have since built it into the world’s largest independent bookmaker. (Source: www.betfred.com/about 09/11/2016) (2) The lease is subject to a tenant option to determine on 29th September 2020.
