Let to Done Brothers (Cash Betting) Limited until 2028 and Webbers Amusements until 2027
Located in the heart of the town centre
Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
Lot 37
Auction 5th May 2021
Rent £45,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles south-west of Bangor,
24 miles south-west of Colwyn Bay
Roads
A487, A4086
Air
Liverpool John Lennon Airport
Situation
Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the south side of Pool Street, which connects to Castle Square, in the heart of the town centre. Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
Tenure
Freehold.
Location
Miles
7 miles south-west of Bangor,
24 miles south-west of Colwyn Bay
Roads
A487, A4086
Air
Liverpool John Lennon Airport
Situation
Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the south side of Pool Street, which connects to Castle Square, in the heart of the town centre. Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
Tenure
Freehold.
Description
The property includes two self contained retail units. Unit 2 comprises ground floor retail accommodation and first floor ancillary accommodation. Unit 4 comprises ground floor retail accommodation with first and second floor ancillary accommodation and basement storage.
Note
VAT is Not applicable to No 2 Pool Street, but VAT is
applicable to No 4 Pool Street
EPC
See legal pack.
Description
The property includes two self contained retail units. Unit 2 comprises ground floor retail accommodation and first floor ancillary accommodation. Unit 4 comprises ground floor retail accommodation with first and second floor ancillary accommodation and basement storage.
Note
VAT is Not applicable to No 2 Pool Street, but VAT is
applicable to No 4 Pool Street
(1) For the year ending 29th September 2019, Done Brothers (Cash Betting) Limited reported a turnover of £388,347,000, a pre-tax profit of £59,304,000 and shareholders funds of £28,926,000 (Source: NorthRow 22/02/2021). 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 22/02/2021). (2) As to Unit 4,the lease provides for a tenant option to determine the lease on 10/10/2022 upon serving 6 months written notice.
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.
