7 William Street Johnstone Renfrewshire PA5 8DP

7 William Street
Johnstone
Renfrewshire
PA5 8DP

Heritable Retail Investment

Entirely let to Done Brothers (Cash Betting) Limited t/a Betfred on a new 10 year FRI lease
Betfred have been trading from this unit for the last 28 years
Prominent retail location fronting Houston Square in the town centre
Nearby occupiers include Subway, Semi Chem, Clydesdale bank and Greggs
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
93
Auction
19th May 2016
Rent
£19,000 per Annum Exclusive
Status
Sold
Price
£200,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

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Heritable Retail Investment

Entirely let to Done Brothers (Cash Betting) Limited t/a Betfred on a new 10 year FRI lease
Betfred have been trading from this unit for the last 28 years
Prominent retail location fronting Houston Square in the town centre
Nearby occupiers include Subway, Semi Chem, Clydesdale bank and Greggs
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 93
Auction 19th May 2016
Rent £19,000 per Annum Exclusive
Status Sold
Price £200,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 14 miles west of Glasgow
Roads: M8, A737
Rail: Johnstone Rail (35 minutes to Glasgow Queen Street)
Air: Glasgow International Airport

Situation

Johnstone is one of the principal towns in Renfrew with a population in the region of 16,500 people. The A737 provides easy access to Paisley and Glasgow to the east. The property is situated in a prominent location on the eastern side of William Street fronting onto Houston Square at the south-east corner. Neighbouring retailers include M&Co, Bank of Scotland, Poundland, Greggs and Subway.

Tenure

Heritable. (Scottish Equivalent of Freehold).

Location

Miles: 14 miles west of Glasgow
Roads: M8, A737
Rail: Johnstone Rail (35 minutes to Glasgow Queen Street)
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish Equivalent of Freehold).

Description

The property comprises a retail unit on ground with offices and ancillary space at first floor. The first floor is used as a regional administration and training centre for Betfred. The unit benefits from a rear service yard.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

EPC

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

Description

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

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
Ground First	Retail Office/Ancillary	86.84 sq m 67.72 sq m	(935 sq ft) (728 sq ft)	DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1)	10 years from 25/04/2016 on full repairing and insuring terms (2)	£19,000	25/04/2016
Totals		154.56 sq m	(1,663 sq ft)			£19,000

(1) For the year ending 28th September 2014 Done Brothers (Cash Betting) Limited reported a turnover of £417,111,000, pre-tax profits of £13,967,000 and a total net worth of £108,429,000 (Source: Experian Group 18/04/2016).
(2) The lease is subject to a tenant to determine option on 24th April 2019 (with 6 months’ written notice).