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
    18/Oct/2018
  • Rent
    £23,120 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 4 Institute Lane<br>Alfreton<br>Derbyshire<br>DE55 7BQ
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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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(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)
£23,12017/09/2020
(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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.10.18
    File Size
    12 MB
    Login to View
  • Site Plan
    Updated Date
    26.09.18
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    635 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Sintons LLP The Cube, Barrack Road
Newcastle upon Tyne
NE4 6DB
David Naughten 0191 226 3647David.Naughten@sintons.co.uk

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