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Coral, Colchester

7 N Station Rd, Colchester CO1 1BG, UK

Basic Facts

Property ID: 15075 Post Updated: 2022-11-15 10:24:18
Status: Type:
Tenure: Virtual Freehold Area: 984 sq ft
Gross Rent: £ 16,350 Lease Term: 5 years from Aug '22
Lease Term Expiry Date: 11/08/27 Years left on Lease: 3.3
VAT applicable: Yes (TOGC Available)

Property Description

  • Virtual Freehold Betting Shop Investment.
  • Comprising a 984 sq.ft. ground floor shop

Location Description

  • Colchester is a historic town situated adjacent to the A12, midway between Chelmsford and Ipswich and approx 60 miles north-east of Central London.
  • The town benefits from good road communications, being at the junction of the A12, A120 and A133.
  • Colchester Rail Station is some 800m from the property and provides regular rail services to London Liverpool Street (Journey time approx. 55 mins).
  • The property is situated in an established parade in a predominantly residential area just north of the town centre. It is on the east side of North Station Road, close to its junction with Causton Road
  • Occupiers close by include: One Stop Shop, Machine Mart, Coral, Pizza Hut, Dominos Pizza and numerous local businesses

Tenancy & Additional Notes

  • Let to Ladbrokes Betting & Gaming Limited (t/a Coral) for 5 years from 11/08/2022 on an effectively FR&I lease for £16,350 p.a.
  • For the year end 31st December 2020 Ladbrokes Betting & Gaming Limited reported a turnover of £681,252,000, a pre-tax loss of £48,197,000, shareholders funds of £1,137,034,000 and a and a net worth of £1,072,475,000 (Experian: 01.09.2022). Ladbrokes Betting & Gaming Limited were incorporated in 1963 and their ultimate holding company is Entain PLC, one of the world’s largest betting and gaming groups with well established brands on the high street and online
  • Two units on the same parade are also for sale in the same auction – an independent C Store (Lot 66) and Machine Mart (Lot 39)
  • VAT is applicable

Features

High Yield
Market Town
Suitable for a SIPP
Under £500k
Virtual Freehold

View on Map

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