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UNDER OFFER

Secure Betfred Investment | New 5 year lease at re-based rent of £22,500 per annum

Price:

£242,500 (9.05% NIY)

2,281 sq ft

INVESTMENT SUMMARY


Chester le Street is 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


Entirely let to Done Brothers (Cash Betting) Ltd t/a Betfred


Tenant last reported turnover in excess of £4bn and pre-tax profits of over £40m (25/09/22)


New 5 year lease from 1 May 2024 therefore expiring on 30 April 2029


Newly re-based rent of £22,500 per annum


EPC rating C


Freehold


Offers are sought in excess of £242,500 (Two Hundred and Forty Two Thousand Five Hundred Pounds). Subject to contract and exclusive of VAT.

Property Details

Location Details

Chester le Street, County Durham

Sector

Retail

Property PDF

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An outstanding opportunity

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