Lot 38 details
9 YEARS UNEXPIRED TO CORAL RACING WITH NO BREAKS
6 Week completion
Located in the town's principal pedestrianised shopping thoroughfare, amongst a host of multiple occupiers such as Post Office, Card Factory, Halifax, Lloyds Bank, Superdrug, Greggs, Specsavers and TUI Travel Agents and in close proximity to Mexborough Mainline Station.
Mexborough is a market town located 5 miles north of Rotherham and 5 miles west of Doncaster, benefitting from good road links being only 4 miles east of the A1(M) via the A6023.
An end of terrace building comprising a Ground Floor Shop and Basement with internal and separate side and rear access to Ancillary Accommodation (previously a flat & photography studio) at first floor level.
Ground Floor Shop
Gross Frontage 27'11"
Return Frontage 45'9"
Internal Width 30'1"
Shop Depth 33'2"
Built Depth 43'5"
Sales Area Approx. 998 sq ft plus WCs
Basement Area Approx. 392 sq ft
First Floor Ancillary
3 Rooms, Kitchen, 3 WCs Approx. 628 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Coral Racing Ltd (see Tenant Profile) for a term of 16 years from 3rd February 2011 at a current rent of £20,139 per annum exclusive.
Rent Review 2021 to greater of Open Market Rental Value or 2.5% p.a. compounded. Therefore, the minimum rent in 2021 will be £22,785.43.
Ladbrokes and Coral merged in 2016 to create Ladbrokes Coral Group plc, the largest bookmakers in the UK with some 3,500 stores (www.coral.co.uk). For Y/E 31/12/16, Coral Racing Limited reported a T/O of £867.4m, Pre-Tax Profit of £91.2m and Shareholders' Funds of £215.8m.