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3, Lune Street, Preston, PR1 2NL

Retail Investment Let to Ladbrokes at £25,000pa
Location: 3 Lune Street, PR1 2NL
Property type: Other, Residential, Retail, Other Property Types & Opportunities
Tenure type: For Sale Freehold, For Sale Leasehold
Tenancy type: Investment
**Unsold, please refer to Auctioneer**

Retail Investment Let to Ladbrokes at £25,000pa

Ground floor self contained corner retail unit occupied by Ladbrokes Bookmakers for a period of 10 years from 3 June 2013 (expiry 2 June 2023) at a current passing rental of £25,000 pa. A copy of the lease is available in the legal pack.

Ladbrokes Betting and Gaming Limited (company registration no. 00775667) for year end 2017, reported a revenue of £766.5 million with net assets of £813.9 million with 1,928 shops and 10,882 employees. The ultimate parent company is Ladbrokes Coral Group Plc, who reported 2017 interim results showing for six months ending 30 June 2017, net revenue of £1.2 billion gross profit, £842.4 million an EBITDA of £211 million and an operating profit of £158.3 million.

The unit forms the ground floor of a five storey block, the upper parts of which have been converted to residential accommodation. Situated close to the junction with Fishergate and opposite the St Georges Shopping Centre which boasts nearly 100 stores and car parking for over 400 vehicles.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Preston City Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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