Freehold Retail Investment
The property is prominently situated on the east side of Market Place, at its junction with Market Street. The property is within close proximity to both the Marketgate Shopping Centre and the Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank, Greggs, Starbucks and Santander.
Freehold.
The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
Six Week Completion
Band D. See legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Second | Retail Ancillary Ancillary | 109.70 sq m 82.15 sq m 71.70 sq m | (1,181 sq ft) (884 sq ft) (772 sq ft) | LADBROKES BETTING & GAMING LIMITED (1) | 10 years from 24/04/2013 on a full repairing and insuring lease | £37,500 | 23/04/2023 |
| Total | 263.55 sq m | (2,837 sq ft) | £37,500 | ||||
(1) Ladbrokes operate from over 3,500 shops across England, Wales and Scotland under the Ladbrokes and Coral brands (www.ladbrokescoralplc.com). For the year ending 31st December 2018, Ladbrokes Betting and Gaming Limited reported a turnover of 732,366,000, pre-tax profits of negative -43,794,000 and total assets of 2,143,638,000 (Source: SmartSearch 11/06/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.
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