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
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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
