Basic Facts
Property ID:
17737
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Post Updated:
2023-11-08 12:36:55
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Status:
Acquired
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Type:
Betting Shops
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Tenure:
Virtual Freehold
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Area:
1275 sq ft
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VAT applicable:
Yes
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Property Description
- Virtual Freehold (999 years leasehold) betting shop investment
- Total Ground floor retail unit comprises of 1,275 sq ft
Location Description
- Located on the High St in the town centre, in close proximity of Bournemouth Pier
- Nearby retailers and landmarks includes Premier Inn, Westbourne Medical Centre, JD Wetherspoons & Tesco’s
- Bournemouth is a popular coastal resort town with a population of c.200,000 making it the largest town in Dorset
Accommodation & Tenancy Schedule
- Unit let to Done Brothers (Betfred) for £20,750 p.a.
- Currently in legals to renew exisiting lease to provide 5 years from January 2023, with a break clause in January 2026
- Betfred was founded in 1967 and operates from 1,470 licensed betting offices throughout the UK
- For the year ended September 2019 Done Brothers (Cash Betting) Limited reported a turnover of £390m and Pre-Tax Profits of £60m