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Investment - Retail 1,862 SqFt Rotherham

Freehold £250,000 Guide Price

1 Bridgegate, Rotherham, S60 1PH

Key Features

  • Prominent town centre retail investment
  • Let to Ladbrokes Betting & Gaming Ltd
  • Adjacent Rotherham interchange with nearby occupiers including; Yorkshire Bank, the Post Office, Co-Op Bank, Poundstrecher, Bet Fred, Barclays and McDonalds.

Description

Prominent town centre retail investment let to Ladbrokes Betting & Gaming Ltd at a rent of £23,825 per annum for 15 years and expiring on the 23rd June 2025. There is a tenants only break option on the 23rd June 2020.

A purchase at £250,000 reflects a net initial yield of 9.29% after usual purchasers costs of 2.6%.

Ladbrokes Betting & Gaming Ltd have an Experian rating of 60/100 and a Below Average Risk.

With a turnover for the year ending 31st December 2016 of £843,978,000 and a total net worth of £722,200,000.

Comments

The adopted rateable value effective 1st April 2017 is £17,000.

Viewings strictly by prior appointment with the agents: Jason Barnsdale MRICS Barnsdales - Chartered Surveyors Tel: 01302 308 174 jason@barnsdales.co.uk

Each party is to be responsible for their own legal costs incurred in this transaction.

EPC awaited or not required

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