Location Estimated Resident Population: 85,000 Miles: 20 miles north-east of Newark 26 miles north-east of Grantham 35 miles north-west of Boston
Roads: A1, A15, A46, A57
Position The property is located in a prominent location on High Street at its junction with Foster Street about 1 mile south of the city centre in a mixed retail and residential area.
Nearby: Cycle Sport, Bang & Olufsen, Tote, Swinton, One Stop.
Description BETTING OFFICE arranged on the ground floor with self- contained offices on the first and second floors.
Lease Term: 16 years from 28th February 2011 Basis: FRI Rent: £15,500 per annum Reviews: Rising to a minimum of £17,755 pa or OMRV in September 2016 and further by 2.5% pa compounded or OMRV in September 2021
Expiry: February 2027 VAT is not applicable to this lot.
Tenure Freehold.
Tenant CORAL RACING LIMITED (1)
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £15,500 pa Net Internal Areas
130.06 sq m 117.05 sq m
247.11 sq m
(1) Trading as Coral, with about 1,600 branches. (Source: www.galacoral.co.uk) (2) At the time of our inspection we were unable to gain access to the upper floors and were therefore unable to check the areas stated.
(1,400 sq ft) (1,260 sq ft)
(2,660 sq ft)
Prominent Freehold Betting Office Investment • Let to Coral Racing Limited • New 16 year lease (No breaks)
• Rent Review 2016 to a minimum of £17,755 pa. Further minimum increase in 2021
• VAT- free investment and Completion 10th January 2012 available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Wallace LLP. t: 0207 636 4422. e: jackie.boot@wallace.co.uk Ref: Mrs J Boot.