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Commercial Investment | For Sale

Barnstaple | N Devon For Sale | £550,000
Commercial Property Investment (Business Unaffected).
FRI Lease to January 2027 (No break). Passing Rent £40,000 p.a.

Adjacent to Tesco’s Express (100 & 101 High Street Barnstaple) and opposite to HSBC plc.

Tenants | Leaseholder Covenant Strength: Done Brother (Cash Betting) Limited trading as Betfred are the UK’s largest independent bookmaker with over 1,400 branches nationwide.

Company: Done Brother (Cash Betting) Limited Year End 25th September 2017 Turnover  £377.500 Million Pre-tax Profits   £18.9 Million

Lease | The whole property, of three floors is let to Done Brothers (Cash Betting) Limited (Company No: 01277703). The lease is from 31 January 2007, for 20 years (expiring on 30 January 2027) on full repairing and insuring terms (FRI), subject to five yearly, upward only rent reviews. The next rent review is due in January 2022. (Landlord insures the property and recovers premium from tenant).

Note | Estate Agents Act 1979 (Declaration of Interest), please note that Kevin Underwood Property Consultant has an interest in 99 High Street Barnstaple.

To discuss or arrange an appointment to view 07968 142269 or ku@kevinunderwood.co.uk

Sole Agent | Kevin Underwood | KUPC