Basic Facts
Property ID:
4523
|
Post Updated:
2019-06-24 10:41:31
|
Status:
Acquired
|
Type:
Betting Shops
|
Tenure:
Virtual Freehold (999 years)
|
Gross Rent:
£ 35,500
|
Lease Term:
15 years from Jun '06
|
VAT applicable:
Yes
|
Property Description
- Virtual freehold blue-chip betting shop investment
- The property comprises a retail unit arranged on the ground floor only measuring 1,290 sq. ft.
- The property benefits from car parking at the front (although this is not included in the demise)
Location Description
- Penge is a South London suburb 3 miles west of Bromley, 4 miles north-east of Croydon and 9 miles south-east of Central London
- The property is situated on the south side of the busy Croydon Road (A213) in a popular South-East London residential suburb
- The property benefits from being one mile east of Crystal Palace Football Club/Selhurst Park Stadium and is adjacent to a Tesco Express
Additional Notes
- The property is let to Ladbrokes Betting & Gaming Ltd for 15 years from 26/06/2006 FR&I for £35,500 p.a.
- Reviews are 5 yearly
Features
Blue-chip tenant
Customer car parking
Finance available
No Break clauses