TYPEOther, Mixed Use, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th May 2025
Description
The property comprises a high yielding retail investment opportunity occupying a prominent pitch and let to Ladbrokes on a recently renewed lease.
Arranged as a single retail unit across ground and first floors, the property is fully let to Ladbrokes on a 10 year lease expiring 25.06.2034 and paying £8,500 per annum. The lease was recently renewed and the tenant is a long standing occupier of 15+ years.
We understand the tenant does not make use of the upper parts, we therefore consider the property may benefit from asset management or development potential (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch fronting Blackpool Road, the principal retail amenity for the area and includes a mix of local and national occupiers including Betfred and Boots.
