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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

SUBSTANTIAL sized unit approx. 1,803 sq. ft. LET to LADBROKES on FRI LEASE until 27/08/2035 at £60,160 PER ANNUM**IMMEIATE RETURN ON INVESTMENT*** Fixed Increase in 2025 To £64,500p.a.x

TENANTED INVESTMENT OPPORTUNITY*** Ground and Basement approx. 1,803 sq. ft (167.51 sq.m).

SUPER SIZE AND LOCATION*** Nearby occupiers include Sainsburys, Tesco Express, Cafe Nero and Bar burrito.

PRIME TRADING LOCATION*** For the year ended 31st December 2022, Ladbrokes Betting & Gaming Limited reported a turnover of £1,033,140,000

HIGH VOLUMES OF PASSING TRADE Located opposite Glasgow Central Station. Situated on the north side of Gordon Street at its junction with Hope Street.

SUBSTANTIAL sized unit approx. 1,803 sq. ft. LET to LADBROKES on FRI LEASE until 27/08/2035 at £60,160 PER ANNUM**IMMEIATE RETURN ON INVESTMENT*** Fixed Increase in 2025 To £64,500p.a.x Ground and Basement approx. 1,803 sq. ft (167.51 sq.m) Ladbrokes is gambling company trading from approximately 2,700 stores across the UK, Ireland, Belgium and Spain. For the year ended 31st December 2022, Ladbrokes Betting & Gaming Limited reported a turnover of £1,033,140,000, a pre-tax profit of £54,369,000, shareholder's funds of £1,195,966,000 and a net worth of £1,153,650,000

HIGH VOLUMES OF PASSING TRADE Located opposite Glasgow Central Station. Situated on the north side of Gordon Street at its junction with Hope Street.

Full Address: 86 Gordon Street, Ladbrokes Investment, Glasgow City Centre, G1 3RP

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2035
Rent: £60,160 per year / £5,013 per month
Yield: 7% (approx)
Tenant: Company
Notes: Expiry: 27th August 2035 - Fixed Increase in 2025 To £64,500p.a.x

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Pricing Information & Bidding

Opening Bid: £833,000

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £1,750 for on time settlement

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Buy Now Price = £925,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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