Sold by Delta Capital
Single Let Bookmakers Investment Sold
Price:
£232,500
Size:
3,281 sq ft
Location:
Chester le Street, County Durham
Year of Sale:
2024
We are very pleased to confirm the sale of this bookmakers investment, entirely let to Done Brothers (Cash Betting) Ltd t/a Betfred.
The property is located in, Chester le Street; a market town in County Durham with a population of around 38,000, situated towards the northern end of Front Street closest to St Cuthberts Shopping Centre
The property is let on a new 5 year lease from 1 May 2024 therefore expiring on 30 April 2029 at a newly re-based rent of £22,500 per annum. Tenant last reported turnover in excess of £4bn and pre-tax profits of over £40m (25/09/22) providing excellent security.
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Location:
Chester le Street, County Durham
Sector
Retail
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