Let to Cashino Gaming Limited, guaranteed by Praesepe Limited until 2025
Prime pedestrianised town centre location
Neighbouring occupiers include Boots, Iceland, Greggs, EE, Costa Coffee, NatWest and Holland & Barrett
Lot 73
Auction 5th December 2018
Rent £30,500 per Annum Exclusive
Status Sold
Price £348,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles south of Truro
24 miles south of Exeter
Roads
A3022, A380, A385
Rail
Paignton Railway Station
Air
Exeter International Airport
Situation
Paignton is an attractive and popular coastal town that benefits from significant additional seasonal visitors. The property is prominently located on the north side of the pedestrianised Victoria Street, 150 metres from Paignton Railway Station. Neighbouring occupiers include Boots, Iceland, Greggs, EE, Costa Coffee, NatWest and Holland & Barrett.
Tenure
Freehold.
Location
Miles
2 miles south of Truro
24 miles south of Exeter
Roads
A3022, A380, A385
Rail
Paignton Railway Station
Air
Exeter International Airport
Situation
Paignton is an attractive and popular coastal town that benefits from significant additional seasonal visitors. The property is prominently located on the north side of the pedestrianised Victoria Street, 150 metres from Paignton Railway Station. Neighbouring occupiers include Boots, Iceland, Greggs, EE, Costa Coffee, NatWest and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and first and second floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises ground floor retail accommodation and first and second floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail Ancillary Ancillary
174.65 sq m 64.94 sq m 49.98 sq m
(1,880 sq ft) (699 sq ft) (538 sq ft)
CASHINO GAMING LIMITED (1)
10 years from 31/07/2015 on a full repairing and insuring lease
£30,500
30/07/2025
Totals
289.57 sq m
(3117 sq ft)
£30,500
(1) Cashino currently operates from over 165 branches nationwide (www.cashino.com).
