Betfred 82 - 84 High Street Sittingbourne Kent ME10 4PH

Betfred
82 - 84 High Street
Sittingbourne
Kent
ME10 4PH

Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited t/a Betfred
2018 tenant break option not exercised
June 2018 rent review outstanding (2)
Popular London commuter town
Neighbouring occupiers include Boots the Chemist, Sports Direct, Holland & Barrett, Greggs, NatWest, Halifax and Barclays

Lot
33
Auction
11th December 2019
Rent
£34,000 per Annum Exclusive
Status
Sold
Price
£430,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited t/a Betfred
2018 tenant break option not exercised
June 2018 rent review outstanding (2)
Popular London commuter town
Neighbouring occupiers include Boots the Chemist, Sports Direct, Holland & Barrett, Greggs, NatWest, Halifax and Barclays

Lot 33
Auction 11th December 2019
Rent £34,000 per Annum Exclusive
Status Sold
Price £430,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 51 miles south-east of London; 11 miles north-east of Maidstone; 15 miles south-west of Canterbury
Roads: A249, A2, M2 (Junction 5)
Rail: Sittingbourne Rail
Air: London City Airport

Situation

Sittingbourne is a popular and attractive London commuter town. The property is situated in a prominent position on the north side of High Street, the town's prime retailing thoroughfare, adjacent to the entrance of The Forum Shopping Centre. Neighbouring occupiers include WH Smith, Boots the Chemist, Sports Direct, Holland & Barrett, Greggs, NatWest, Halifax and Barclays.

Tenure

Freehold.

Location

Miles: 51 miles south-east of London; 11 miles north-east of Maidstone; 15 miles south-west of Canterbury
Roads: A249, A2, M2 (Junction 5)
Rail: Sittingbourne Rail
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with first floor and basement ancillary accommodation. The property benefits from a return frontage.

VAT

VAT is not applicable to this lot.

Note

78 to 80 High Street let to Superdrug is being offered as Lot 26.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises ground floor retail accommodation with first floor and basement ancillary accommodation. The property benefits from a return frontage.

VAT

VAT is not applicable to this lot.

Note

78 to 80 High Street let to Superdrug is being offered as Lot 26.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First Basement	Retail Ancillary Ancillary	177.33 sq m 156.41 sq m 117.77 sq m	(1,909 sq ft) (1,683 sq ft) (1,268 sq ft)	DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1)	10 years from 16/06/2013 on a full repairing and insuring lease	£34,000	15/06/2018 (2) (15/06/2023)
Totals		451.51 sq m	(4,860 sq ft)			£34,000

(1) Established in 1967, as of July 2017, Betfred operates over 1,650 shops throughout the United Kingdom after the purchase of 322 shops due to the merger between fellow bookmakers Ladbrokes and Coral in October 2016 (Source: www.betfred.com/about 15/11/2019).
(2) As to the 15th June 2018 rent review, the Seller's agent has written to the tenant proposing a new rent of £42,000 per annum exclusive. Copies of the the correspondence are available to inspect in the legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.