Let to Done Brothers (Cash Betting) Limited until 2025 (subject to option)
Kings Arms & Cat Inn Public Houses nearby
Lot 31
Auction 17th February 2022
Rent £15,000 per Annum Exclusive
Status Sold
Price £135,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles south of Whitehaven & 29 miles east of Keswick
Roads
A595 / M5
Rail
Whitehaven
Air
Manchester
Situation
Egremont, is an attractive town situated 5 miles south-west of Whitehaven, 29 miles west of Keswick and on the edge of the Lake District. The town is situated on the A595 with the M6 motorway 45 miles to the east.
The property is situated in the Town Centre at the junction of Main Street and Ehen Court Road, adjacent Heron Frozen Foods & Co-op Supermarket. There is a public car park close by at the rear. Retailers close by include Co-op & Heron Frozen Foods (adjacent) Post Office, Boots, Greggs & McColls.
Tenure
Freehold.
Location
Miles
5 miles south of Whitehaven & 29 miles east of Keswick
Roads
A595 / M5
Rail
Whitehaven
Air
Manchester
Situation
Egremont, is an attractive town situated 5 miles south-west of Whitehaven, 29 miles west of Keswick and on the edge of the Lake District. The town is situated on the A595 with the M6 motorway 45 miles to the east.
The property is situated in the Town Centre at the junction of Main Street and Ehen Court Road, adjacent Heron Frozen Foods & Co-op Supermarket. There is a public car park close by at the rear. Retailers close by include Co-op & Heron Frozen Foods (adjacent) Post Office, Boots, Greggs & McColls.
Tenure
Freehold.
Description
The property comprises a ground floor bookmakers of sales and ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor bookmakers of sales and ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail
100 sq m (1,076 sq ft)
DONE BROTHERS (CASH BETTING) LTD t/a Betfred (1)
5 years from 09/08/2020 on a Full Repairing and Insuring Lease (2)
£15,000
9/08/2025 (2)
Total
100 sq m (1,076 sq ft)
£15,000
(1) Betfred is now one of the biggest and most well-known brands on the high street with over 1,600 shops (source: www.betfred.com) For the year ending 27/01/2020 Done Brothers (Cash Betting) Limited reported a Turnover of £300,796,000, a Pre-Tax Profit of £158,563,000 and Total Shareholders Equity of £157,295,000. (NorthRow 25/01/2022) (2) Tenant option to determine on 09/09/2023
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.
