Investment Property Producing £9,000 pa. Let to Coral Racing Limited

Ground floor self contained double fronted retail unit, currently trading as Coral Bookmakers within a traditionally constructed two storey terrace. The property is currently let to Coral Racing Limited by way of a 15 year lease from 29 September 2010 with the current rental passing at £9,000 pax. The lease incorporates a tenant only break option on 28 September 2020 subject to 6 months prior notice. Coral Racing Limited for the year ending 26 September 2015 provided the following financial information: Turnover; £667m Net Profilt: £88.6m Net Worth: £264.1m The measurements have been taken from the Valuation Office Agency (VOA) which state the property extends to the following net internal floor areas:

Tenure

To be confirmed in Legal Pack

Retail Sales:

49.5 sq m (533 sq ft)

Kitchen:

5.3 sq m (57 sq ft)

Store:

1.2 sq m (13 sq ft)

W.C. Facilities

.

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Local Authority

Cheshire East Council

Solicitors

Chafes Hague Lambert, King Street, KNUTSFORD, Cheshire WA16 6EJ, Ref: Andrew Pettitt, Tel: 01565 622108

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.