Description
Betting Shop Investment 132.08 sqm (1,422 sqft) Let to Ladbrokes Betting & Gaming Limited on a 10 year lease expiring November 2029. Current Rent (PA) £16,000 p.a.
For the year ended 31.12.2022 Ladbrokes Betting & Gaming Limited reported a turnover of £1.033 Billion Pre tax profits of £54.369 Million and a net worth of £1.153 Billion (Experian 29.02.2024)
Rothesay is the main settlement on the Isle of Bute, a popular tourist destination in the Firth of Clyde on the west coast of Scotland
Occupiers close by include Bank of Scotland, The Co-op, Londis, Superdrug and a number of local traders
Rothesay is the main settlement on the Isle of Bute, a popular tourist destination in the Firth of Clyde on the west coast of Scotland The Isle of Bute is primarily accessed by Ferry from Wemyss Bay on the mainland (35 minute crossing) Montague Street is the main shopping location and the property is situated between the High Street and Tower Street Occupiers close by include Bank of Scotland, The Co-op, Londis, Superdrug and a number of local traders
Full Address: 57-61 Montague St, Ladbrokes, Rothesay, Isle of Bute, PA20 0BU
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2029
Rent: £16,000 per year / £1,333 per month
Yield: 13% (approx)
Tenant: Company
Notes: Ladbrokes Betting & Gaming Limited. 10 years from 17.11.2019 Without further rent review FR& I
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Pricing Information & Bidding
Opening Bid: £127,000
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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 = £149,000
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Auction Details
Type: Timed Online Auction
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