Let to Ladbrokes Gaming and Betting Limited until 2027 (no breaks)
Directly opposite the main entrance to the major 67 unit Grosvenor Shopping Centre
2017 rental increase from £65,000 to £75,000 p.a.x.
Neighbouring occupiers include Vodafone, Waterstones, Holland & Barrett, Costa, HSBC and Greggs
Lot 72
Auction 24th May 2018
Rent £75,250 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles north-west of Milton Keynes, 50 miles south-east of Birmingham, 66 miles north-east of Central London
Roads
A43, A45, A428, A508, M1 (Junction 15A)
Rail
Northampton Railway Station
Air
Birmingham International Airport
London Luton Airport
Situation
The property is located in a prime trading location on the southern side of the pedestrianised Abington Street, Northampton’s principal retail thoroughfare. One of the main entrances to the major 67 unit Grosvenor Shopping Centre is directly opposite, with the shopping centre benefiting from retailers including Boots the Chemist, Primark, WH Smith and Superdrug. Marks & Spencer are located directly opposite, with other neighbouring occupiers including Tesco Metro, Costa, H&M, River Island and JD Sports.
Tenure
Freehold.
Location
Miles
17 miles north-west of Milton Keynes, 50 miles south-east of Birmingham, 66 miles north-east of Central London
Roads
A43, A45, A428, A508, M1 (Junction 15A)
Rail
Northampton Railway Station
Air
Birmingham International Airport
London Luton Airport
Situation
The property is located in a prime trading location on the southern side of the pedestrianised Abington Street, Northampton’s principal retail thoroughfare. One of the main entrances to the major 67 unit Grosvenor Shopping Centre is directly opposite, with the shopping centre benefiting from retailers including Boots the Chemist, Primark, WH Smith and Superdrug. Marks & Spencer are located directly opposite, with other neighbouring occupiers including Tesco Metro, Costa, H&M, River Island and JD Sports.
Tenure
Freehold.
Description
The property comprises ground floor retail and basement ancillary accommodation, with selfcontained hairdressing salon on the upper floors. The property benefits from a double frontage to Fish Street.
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 ground floor retail and basement ancillary accommodation, with selfcontained hairdressing salon on the upper floors. The property benefits from a double frontage to Fish Street.
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
Reversion
Ground Basement
Retail Ancillary
107.50 sq m 29.60 sq m
(1,157 sq ft) (318 sq ft)
LADBROKES BETTING AND GAMING LIMITED (1)
15 years from 27/02/2012 until 2027 on a full repairing and insuring lease (2)
£75,000 (3)
27/02/2022 (26/02/2027)
Upper Parts
Hairdressing Salon
INDIVIDUAL
999 years from 26/11/2013
£250
Total
137.10 sq m
(1,475 sq ft)
£75,250
(1) For the year ending 31st Decemeber 2016, Ladbrokes Betting and Gaming Limited reported a turnover of £843,978,000, a pre-tax profit of negative £499,547,000 and a total net worth of £722,200,000 (Source: Experian Group 17/4/2018). (2) The tenant option to determine the lease in 2022 has been removed. (3) The rent was increased to £75,000 per annum exclusive at the 2017 rent review.
