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Lot 140

15 High Street, Ladbrokes Investment, Jedburgh, TD8 6AQ

Guide Price: £78,500

Tenanted Freehold Commercial Offer Now Available


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Key Features:

PRIME JEDBURGH Town Centre Ladbrokes INVESTMENT let to LADBROKES Betting and Gaming Ltd Passing rent: £7,800PA (low rent been same for over 8 years) 2016 break option not exercised *VAT FREE PROPERTY*


  • 2016 RENT REVIEW OUTSTANDING potential rent will increase. Only bookmaker in Jedburgh. Busy trading unit. Low rent. LOW RENT with 2016 tenant break option not exercised. FRI Lease till 2021.
  • Triple A Tenant Ladbrokes Betting & Gaming Limited reported a turnover of £843,978,000, and a total net worth of £722,200,000 (Source: Experian 12/01/2018). Ladbrokes operates from over 3,500 shops.
  • Edinburgh 50 miles, Kelso 11 miles, Newcastle upon Tyne 57 miles (distances approximate). Popular market town of Jedburgh is about fifty miles south east of Edinburgh and is located on the A68.
  • IDEAL INCOME PRODUCING VAT FREE INVESTMENT. The popular town supplies the local area with retail and a good range of other services.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length expires 2021
Rent £7,800 per year / £650 per month
Yield 9.9% (at guide price)
Tenant Company
Notes: Passing rent: £7,800 P/A (low rent been same for over 8 years) 2016 break option not exercised.

Full Details:

PRIME JEDBURGH Town Centre Ladbrokes INVESTMENT let to LADBROKES Betting and Gaming Ltd Passing rent: £7,800PA (low rent been same for over 8 years) 2016 break option not exercised ***VAT FREE PROPERTY*** 2016 RENT REVIEW OUTSTANDING potential rent will increase. Only bookmaker in Jedburgh. Busy trading unit. Low rent. LOW RENT with 2016 tenant break option not exercised. FRI Lease till 2021. Good rental growth expected. Triple A Tenant Ladbrokes Betting & Gaming Limited reported a turnover of £843,978,000, and a total net worth of £722,200,000 (Source: Experian 12/01/2018). Ladbrokes operates from over 3,500 shops. Edinburgh 50 miles, Kelso 11 miles, Newcastle upon Tyne 57 miles (distances approximate). Popular market town of Jedburgh is about fifty miles south east of Edinburgh and is located on the A68. IDEAL INCOME PRODUCING VAT FREE INVESTMENT. The popular town supplies the local area with retail and a good range of other services.

Guide Price: £78,500 - Offer Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now Explained...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Map & Location:


The Borders town of Jedburgh is peaceful, accommodating and popular. It comprises an array of activities and beautiful riverside walks, the town is steeped in history and there is a good choice of local shops, pubs and local transport links. The surrounding Border towns are easily accessible as are Edinburgh, Newcastle and Carlisle. Tweedbank is only 14 miles and offers a rail link to Edinburgh ideal for city commuter. Direct road links to Edinburgh, Glasgow, Stirling and Newcastle via the A68.

Viewings:


IMPORTANT NOTICE...


Due to Government advice on COVID-19 no viewings are currently possible. We advise all interested parties to follow social distancing rules for safety.

Auction Details:



  • Auction Date...

    28 April 2020, 9am-5pm


  • Auction Location...

  • Glasgow Online

  • Online Bidding Only