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
    11/Dec/2019
  • Rent
    £34,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £340,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • Betfred<br>82 - 84 High Street<br>Sittingbourne<br>Kent<br>ME10 4PH
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(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
£34,00015/06/2018 (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 £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    10 MB
    Login to View
  • Site Plan
    Updated Date
    20.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    791 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 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
BTMK Solicitors Barringtons, Hockley Road
Rayleigh
Essex
SS6 8EH
William Todman 01268 774 073william.todman@btmk.co.uk

Useful Links

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