TYPEOffice, Other, Offices, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th December 2019
Freehold Part Vacant - Part Investment For Sale
The property comprises of a brick built four storey retail unit with vacant offices above. Ladbrokes provides an open plan sales area with rear access into the basement and emergency access to separate office entrance. There is also a disabled W/C. Ladbrokes also has access to part first floor currently used for staff welfare / storage.
The upper floor offices have their own dedicated entrance from Regent Street. The accommodation comprises or part suspended ceilings, air conditioning and carpeting.
There are a number of original features including wooden sash windows and high floor to ceiling heights.
The office accommodation would benefit from refurbishment to bring it to modern standards.
There is also the potential of converting the upper floors to residential subject to planning.
Ladbrokes Betting and Gaming Ltd (Co No. 00775667) Lease Commencement: 10 November 2008 Lease Expiry: 09 November 2023 Passing Rent: £45,000 per annum exclusive No outstanding rent reviews or break options Inside security of tenure provisions of the LTA 1954
We are seeking offers in excess of £1,320,000 subject to contract and exclusive of VAT. ( Agency Pilot Software Ref: 20009625 )