6 Week completion
Located close to the junction with Harvey Road (A5111), adjacent to
Bargain Booze and Papa Johns as well as other mutliples including Lloyds, Co-op Travel, Heron Foods, Boots, Cancer Research, Subway, NatWest and Greggs and being just over 2 miles south of Derby town centre. Derby is located approx. 13 miles west of Nottingham and benefits from excellent road links via the M1 (Junction 25) and the A52.
A semi-detached building comprising a Ground Floor Betting Shop (currently being refitted) with separate rear access via a front passageway to a Self-Contained Flat on the first floor.
In addition, there is front lay-bay parking.
Ground Floor Betting Shop
Gross Frontage 18'5”
Internal Width 15'4”
Shop Depth 50'3”
Built Depth 61'10”
Sales Area Approx 770 sq ft
Ladies & Gents WCs
First Floor Flat
1 Bedroom, 1 Room (no windows), Living Room, Kitchen, Bathroom/WC (GIA Approx. 530 sq ft)
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Done Brothers (Cash Betting) Limited t/a Betfred (having 1,380 branches) (T/O for Y/E 25/09/16 £320.07m, Pre-Tax Profit £29.29m and Shareholders' Funds £35.29m) for a term of 20 years from 6th October 1995 at a current rent of £15,300 per annum exclusive (see Note 1).
Note 1: The tenant is currently holding over and a Section 25 Notice has been served on the Tenant offering a new FRI lease for a term of 10 years from 14th December 2017 at a rental of £22,500 p.a. subject to an upward only rent review at the end of the 5th year.
Note 2:The tenant also trades from the adjoining shop.