Town Centre Retail Investment
Town centre retail investment with upper parts
Let to Ladbrokes with five years unexpired
Producing an annual rent of £45,000
Guide Price reflects an attractive NIY of 9.52%
The property comprises a three story high street property. The ground floor is arranged as a betting shop, with two upper floors that are not used by the tenant.
The property is located in Doncaster a town in Yorkshire. Located on Market Place other local occupiers include Paddy Power, Halifax and Greggs.
The property is located 0.2 miles from Doncaster Station, which provides connections to Edinburgh, Leeds, Sheffield and London Kings Cross.
The property is let to Ladbrokes Betting and Gaming Ltd on a full repairing and insuring lease for a term of 15 years from 25th October 2010. The lease provides for rent reviews every fifth year of the term and the property currently receives a rent of £45,000 per annum. Please consult the legal pack for further information.
Doncaster Council - www.doncaster.gov.uk/
Refer to the legal documentation
Max Mason Call me 07917 865 212
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
ADMINISTRATION FEE The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000.