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Status Withdrawn Post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
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.
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.
