Investment - Retail 1,862 SqFt Rotherham
Freehold £250,000 Guide Price
1 Bridgegate, Rotherham, S60 1PH
- 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.
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.
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 email@example.com
Each party is to be responsible for their own legal costs incurred in this transaction.
EPC awaited or not required