Lot 24
Freehold Commercial Investment – Gross Yield 20.8%
6 Week Completion
Situation
Occupying a prominent position, close to the junction with Nitshill Road, in this industrial estate, opposite a B&M Home Store and nearby a Lidl Supermarket and Matalan.
The property is located approximately 6 miles south-east of Glasgow City Centre, which is the largest city in Scotland enjoying excellent road communications with the M8 leading directly to Edinburgh some 45 miles to the east and also the M74 which links to the north of England, whilst also boasting its own international airport.
Property
A single storey detached building comprising a Betting Shop.
Accommodation¹
Ground Floor Betting Shop
Gross Frontage 50'0”
Built Depth 29'6”
Area Approx. 1,400 sq ft¹
Customer WCs
¹Not inspected by Barnett Ross. Area from VOA.
VAT is NOT applicable to this Lot
FREEHOLD
Tenancy
The entire property is let on a full repairing and insuring lease to Ladbrokes Betting & Gaming Limited (see Tenant Profile) for a term of years to 14th May 2030 (in occupation since 1993) at a current rent of £12,500 per annum exclusive.
Rent Review and Tenant's Break May 2025
Tenant Profile
The Ladbrokes brand of betting shops forms part of Entain plc, which is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector with operations in a total of 31 regulated or regulating territories, the Group employs a workforce of more than 25,000, in 20 offices across five continents (see: www.entaingroup.com).