3146 sq. ft (292.27 m²)
Key features
- * Upper parts offer future residential conversion potential (subject to consents)
- * Entirely let to Done Brothers (Cash Betting) Limited (t/a Betfred)
- * Producing a secure income of £35,000 per annum
- * Substantial 3,146 sq ft (292 sq m) property arranged over basement, ground and first floor
- * Freehold Price of £370,000
Description
The ground floor is currently configured as a betting office, with ancillary accommodation on the upper floors. The property offers future potential for alternative uses or residential conversion to the upper parts, subject to obtaining the necessary consents and the existing lease.
Area
The property provides a total internal area of approximately 3,146 sq ft (292.29 sq m), arranged as follows:
* Basement: 628 sq ft (58.30 sq m)
* Ground Floor: 1,131 sq ft (105.10 sq m)
* First Floor: 1,387 sq ft (128.89 sq m)
Lease Summary
The entire property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a Full Repairing and Insuring lease for a term of 5 years from March 2023, with reversion in 2028. The current passing rent is £35,000 per annum.
This is a strong income-producing freehold investment let to Done Brothers (Cash Betting) Limited, trading as Betfred, one of the UK’s largest independent betting operators. Betfred generates annual turnover in excess of £1.4 billion, operates over 1,000 betting shops nationwide, and employs several thousand staff across its retail and online operations. The combination of a secure lease, attractive yield, and town centre location makes this an appealing addition to any commercial investment portfolio.
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