Location Estimated District Population: 340,000 Miles: 2 miles north of Croydon 6 miles west of Bromley 9 miles south-east of Central London
CORAL BETTING OFFICE
Roads: A23, A212
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
Position The property is located in a prominent position on the south side of Brigstock Road, diagonally opposite Tesco and Thornton Heath Railway Station and a short walk to Crystal Palace Football Ground.
Net Rent £29,407.29 pa
ON INSTRUCTIONS OF JAMES MONEY AND KERRY BAILEY OF PKF (UK) LLP ACTING AS JOINT FIXED CHARGE RECEIVERS
High Yielding Leasehold Betting Office Investment
• Let to Coral Estates Limited • Lease expires September 2016
• Established location opposite Tesco and Thornton Heath Railway Station
• 6Week Completion Available 32
Nearby: Barclays Bank, Tesco, Superdrug, JDWetherspoon, William Hill and Iceland.
Description BETTING SHOP arranged on the ground floor only, forming part of a larger building.
Tenure Leasehold. Held for a term of approximately 75 years from completion, expiring 15th December 2087 at the current head rent of £3,592.71 pa subject to a rent review in 2017 and 10 yearly thereafter to 10.887% of rent passing or rent value – please see legal documentation.
Present Accommodation (approximate areas) Floor
Accommodation Ground
Betting Office/Ancillary Total Commercial Area
Tenant CORAL ESTATES LIMITED (1)
Lease Term: Approximately 11 years and 6 months from 9th March 2005
Basis: FRI Rent: £33,000 per annum Expiry: September 2016
VAT is applicable to this lot – please see Special Conditions of Sale.
NB. This property is being marketed on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Net Internal Areas
176.97 sq m 176.97 sq m
(1,905 sq ft) (1,905 sq ft)
(1) Trading as Coral with approximately 1,600 branches (Source: www.galacoral.co.uk). Coral Estates Limited for the year to 09/10, reported a turnover of £39.3 million, pre-tax profits of £7.2 million and total assets of £104.8 million. (Source: One Source One-Stop Report)
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 Shakespeares Solicitors. t: 0845 620 9572. e: vicki.simpson@shakespeares.co.uk Ref: Ms V Simpson.