Betfred, Ipswich

Property Description

• Freehold Blue-Chip Betting Shop Investment
• The property is brick built under a pitched, tile covered roof, providing a well-configured ground floor retail unit, fitted out in the tenant’s usual corporate trading style, together with staff/ancillary accommodation above.
• The shop unit is arranged over Ground floor (1,432 sq ft) and First Floor level (783 sq. ft).
• Dedicated off road car parking to the rear of the property and also public layby parking to the front.

Location Description

• Ipswich is the largest town in Suffolk and the administrative centre for the whole county, with a catchment population of approximately 377,000.
• The town is located 66 miles north east of London; 16 miles north east of Colchester and 10 miles west of Felixstowe.
• The property occupies a very strong trading position fronting Nacton Road, one of Ipswich’s principal arterial roads, approximately 2.5 miles south east of the town centre.
• Nacton Road is a busy convenience shopping location in a densely populated residential area, with nearby operators including Premier Convenience; Co-op Pharmacy and Labrokes.

Additional Notes

• Entire property let on a new 10 year FRI lease to Done Brothers (cash betting) Ltd t/a Betfred foro £20,000 p.a. and incorporating an upward only rent review in 2022.