8/13/2019 18_03_13_Gol

1/2

26 Heath St, Golborne,Warrington, WA3 3AD

INVESTMENT SUMMARY

New 15 year overriding FRIlease from completion

Let to the undoubted covenant of

Done Brothers (Cash Betting ) Ltd Recently refurbished

Good vacant possession valueof the ats

Attractive lot size of 400,000

No VAT

Net initial yield of 7.15%

Fixed uplift at rst rent review

FOR SALE

LOCATION

Golborne town centre is located approximately 6miles east of St Helens town centre, 6 miles northof Warrington and 20 miles west of Manchestercity centre.

8/13/2019 18_03_13_Gol

2/2

IMPORTANT INFORMATION: Goodall Investments Ltd and the vendors of this property for whom it acts as agents give notice that these particulars are a general outline only forthe guidance of intending purchasers and do not constitute an offer or contract. All descriptions are given in good faith and are believed to be correct, but any intendingpurchasers should not rely on them as statement of fact and must satisfy themselves of their correctness. None of the building services or service installations have been tested.The photographs shown in this brochure show only certain parts and aspects of the property at the time when the photographs were taken.

LEASE TERMS

The property will be let on a new 15 year overridinglease from completion. The lease will be drawn on a FullRepairing & Insuring basis subject to 5 yearly, upwardonly rent reviews. The rst review will be the higher ofOpen Market Value or 2% per annum compound.

The commencing rent will be 30,000 per annum.

Based on a rental value of 375 per calendar monthfor each at, the ground oor retail rent devalues to12,000 per annum (7 per sq ft)

COVENANT

For the year ending 27/3/12, Done Brothers (CashBetting) Ltd, had a turnover of 4.579bn, Pre-taxpro ts of 14.082m and a Net Worth of 89.253m.

Done Brothers (Cash Betting) Ltd were incorporatedon 17th September 1976. Betfred is the worldslargest owner operator bookmaker with over 1350shops. Betfred recently acquired the Tote for 265m.

FURTHER INFORMATION

Robert GoodallGoodall Investments Ltd47 Newton StManchester

M1 1FTTel: 0161 236 0866

Mobile: 07775 858113

Email:rob@goodallinvestments.co.uk

VAT

The property is not elected for VAT

TENURE

999 year leasehold interest, subject to apeppercorn

EPC

Available upon request

PROPOSAL

I am instructed to seek 400,000 for myclients interest, subject to contract, re ectinga net initial yield of 7.15%, after allowing forusual purchasers costs of 4.8%.

Ground oor retail 1,705 sq ft 158 sq mFirst oor 4 x 2 bed ats

DESCRIPTION

The property comprises a recently refurbished andredeveloped end-terrace. The ground oor is ttedout to a standard Betfred with 4 x 2 bed ats onthe upper oors. The property bene ts from a reargated private car park providing 3 car spaces.

SITUATION

The property is located at the junction of Heath St andWorsley St, close to the junction with Golborne High St.The premises are at the end of a parade of shops withoccupiers in the immediate vicinity including WilliamHill, Co-Op Pharmacy and RBS Bank.