Acquired
Dewsbury – Betfred
16-20 Westgate, Dewsbury, West Yorkshire WF13 1BLVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
2y 5m
Area
974 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises triple fronted ground floor shop t/a Betfred
- Occupiers close by including Halifax, Lloyds, Costa Coffee and more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises triple fronted ground floor shop with ancillary at basement, providing the following accommodation and dimensions:
Ground Floor: 90 sq m (974 sq ft)
Open plan retail, office, wc
Basement: Not inspected
Ground Floor: 90 sq m (974 sq ft)
Open plan retail, office, wc
Basement: Not inspected
Tenancy Description
The property is at present let to Done Brothers (Cash Betting) Ltd* t/a Betfred for a term of 5 years from 24th June 2022 at a current rent of £17,000 p.a. and the lease contains full repairing and insuring covenants. Annual tenant option to determine on 23rd December each year with min 6 months notice.
*For the year ending 25.9.2022 Done Brothers (Cash Betting) Ltd reported a turnover of £418.4m, a pre-tax profit of £40.4m and a net worth of £77.795m (Source: Experian 1.3.24)
*For the year ending 25.9.2022 Done Brothers (Cash Betting) Ltd reported a turnover of £418.4m, a pre-tax profit of £40.4m and a net worth of £77.795m (Source: Experian 1.3.24)
Tenancies & Accommodation
Location Description
Dewsbury is located 9 miles south of Leeds and 33 miles north west of Manchester. The A638 provides access to the M1 motorway (J40) and the A644 links to the M62 motorway (J28). Dewsbury Railway Station is located 360m from the property with services to London Kings Cross (journey time 3 hours 58 minutes). The property is situated on the north side of Westgate at its junction with Daisy Hill and Church Street with occupiers close by including Halifax, Lloyds, Costa Coffee, Boots and Specsavers