Location
This investment is located on Clayton Street which is in the heart of Grainger Town, forming part of the City centre. Clayton Street runs south from Newgate Street and Eldon Square shopping centre towards Westgate Road and the railway station.
The immediate area has seen significant development over the last few years and Hotel Indigo lies directly behind the subject property with additional hotel and student space at the northern end of the street. Nearby occupiers include HERON Foods, B&M and numerous independents. Clayton Street is a busy bus route and there is metered on street parking nearby.
Description
Comprises a two storey semi-detached property of traditional red brick construction with a flat roof.
Accommodation;
Reported on a Gross Internal Area basis as follows:
Ladbrokes - 109 Clayton Street
Ground Floor circa 835 sq.ft. (77 sq.m).
Public W.C.
First Floor circa 825 sq.ft. (76 sq.m).
Staff W.C.
Henry’s Barber Shop - 111 Clayton Street
Ground Floor circa 160 sq.ft. (15 sq.m.)
W.C.
Occupational Leases
109 Clayton Street
Occupied by Ladbrokes Betting and Gambling Ltd on a 15 year FRI lease dated from March 2015 at a current rent of £22,000 per annum. There is a rent review and break clause in 2025.
111 Clayton Street
Occupied by Peter & Sylvia Henry on a 10 year FRI lease dated from December 2015 at a current rent of £7,250 per annum. There are no further break clauses.
Interested parties should seek legal confirmation of this.
Services
Water, electricity and sewerage are installed and the Ladbrokes is air conditioned.
Rates:
The premises are assessed as follows:
#109 RATEABLE VALUE £21,000
#111 RATEABLE VALUE £6,000
Tenure
We are informed that the title is Freehold. Interested parties should seek legal confirmation of this.
EPC
Rating - C
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
Viewing
Strictly by appointment with this office.