46b High Street Alton Hampshire GU34 1BD

  • 46b High Street<br>Alton<br>Hampshire<br>GU34 1BD

46b High Street
Alton
Hampshire
GU34 1BD

Freehold Retail and Residential Investment

  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Residential Investment

  • 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.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First		 Betting Shop/Ancillary
Residential (One
Bedroom Flat)
73.27 sq m
41.95 sq m
(789 sq ft)
(451 sq ft)
 DONE BROTHERS
(CASH BETTING)
LIMITED (1) (t/a Betfred)		 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.

Contacts

Seller's Solicitors
Brutton & Co West End House, 288 West Street
Fareham
Hampshire
PO16 0AJ
Hilary Tyler 01329 236 171hilary.tyler@brutton.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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