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Lot 9

Freehold Town Centre Retail Investment let to Coral Racing Ltd - Gross Yield 16.3%
6 Week Completion

Situation

Located in the town's principle pedestrianised shopping thoroughfare amongst a host of multiple occupiers such as Halifax, B&M, Post Office, Card Factory, Superdrug, Greggs, Specsavers, Domino's and Poundland and in close proximity to Mexborough Mainline Station.
Mexborough is a market town located 5 miles north of Rotherham and 7 miles west of Doncaster, benefitting from good road links being only 4 miles east of the A1(M) via the A6023.

Property

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.

Accommodation

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, 4 WCs	Approx. 628 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

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 £22,785 per annum exclusive.

Tenant Profile

The Coral Brand of betting shops forms part of Entain plc, a FTSE 100 company that is one of the world's largest sport betting and gaming groups operating in the online and retail sector. Entain is licensed and operates in over 20 countries, across 5 continents around the globe (Visit: www.entaingroup.com).

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

81 & 83 High Street, Mexborough, South Yorkshire S64 9AB