4 Institute Lane Alfreton Derbyshire DE55 7BQ

4 Institute Lane
Alfreton
Derbyshire
DE55 7BQ

Freehold Retail Investment

Let to Ladbrokes Betting & Gaming Limited until September 2025
2020 tenant break option removed
Attractive market town
Prime pedestrianised location
Neighbouring occupiers include Specsavers, Boots, WH Smith, Wilko, Greggs and Barclays Bank

Lot
96
Auction
18th October 2018
Rent
£23,120 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Ladbrokes Betting & Gaming Limited until September 2025
2020 tenant break option removed
Attractive market town
Prime pedestrianised location
Neighbouring occupiers include Specsavers, Boots, WH Smith, Wilko, Greggs and Barclays Bank

Lot 96
Auction 18th October 2018
Rent £23,120 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Status Withdrawn Post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: 15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

The property is prominently located in the town centre on the west side of the pedestrianised Institute Lane. Neighbouring occupiers include Specsavers, Boots, WH Smith, Wilko, Greggs and Barclays Bank.

Tenure

Freehold.

Location

Miles: 15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises ground floor retail accommodation and first floor ancillary accommodation.

VAT

VAT is applicable to this lot.

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 First	Retail Ancillary	66.98 sq m 22.57 sq m	(721 sq ft) (243 sq ft)	LADBROKES BETTING & GAMING LIMITED (1)	15 years from 17/09/2010 on a full repairing and insuring lease (2)	£23,120	17/09/2020 (16/09/2025)
Total		89.55 sq m	(964 sq ft)			£23,120

(1) For the year ended 31st December 2016, Ladbrokes Betting & Gaming Limited reported a turnover of £843,978,000, pre-tax profits of negative -£499,547,000 and a total net worth of £722,200,000 (Source: Experian 17/09/2018). Ladbrokes operate from over 3,500 shops across England, Wales and Scotland under the Ladbrokes and Coral brands (www.ladbrokescoralplc.com).
(2) The lease provides for a tenant option to determine on 17/09/2020.