The Menai Shopping Centre ? New £30m Bangor Health Hub
The Menai Shopping Centre is within close proximity to the subject property and forms the central retail location in Bangor. Totalling some 130,000 sq ft, occupiers include JD Sports, Hays Travel, Three, The Factory Shop, Superdrug and Burger King.
את מרכז הקניות מנאי עוגן בעבר חנות כלבו דבנהמס. החנות אמורה להפוך למרכז בריאות ורווחה משמעותי עם השקעה של כ-30 מיליון ליש"ט שאושרה על ידי מועצת הבריאות של אוניברסיטת Betsi Cadwaladr ומועצת Gwynedd. תוכניות הוגשו למועצה הבריאותית ולממשלה הוולשית לאישור רשמי. הוחלפו חוזים למכירת חכירה ארוכה למועצה הבריאותית עבור המרכז, וההשלמה צפויה להתרחש במהלך 2025 לאחר מתן אישור ממשלת וולשית.
The development will provide a significant boost to Bangor city centre with an increase anticipated in footfall within the city centre as a result.
The Deiniol Shopping Centre is also within close proximity to the subject property. Comprising over 20 stores with 120 car parking spaces, retailers include Specsavers, Vision Express, EE, Vodafone, Subway, Timpson and Card Factory.
דִיוּר
הנכס נמדד על ידי BKR Floor Plans ומספק את שטחי הרצפה הפנימיים נטו הבאים:
חזית נטו | 5.94 m | 19?6? |
חזית ברוטו | 6.55 מ' | 21?6? |
אזור א' | 35.30 sq m | 380 sq ft |
אזור ב' | 33.82 מ"ר | 364 רגל רבוע |
אזור C | 25.64 מ"ר | 276 מ"ר |
איצה | 631 | |
סה"כ | 94.76 sq m | 1,020 sq ft |
קבוצה של תוכניות קומה זמינה להורדה.
ערך ניתן לדירוג
According to the Valuation Office website the rateable value for the property is £22,000.
The business rates multiplier is 0.562.
קְבִיעוּת
זְכוּת חֲכִּירָה
חֲכִירָה
The ground floor unit is let to Done Brothers (Cash Betting) Limited, t/a Betfred on a full repairing and insuring lease for a term of 10 years from 25th March 2020, expiring on 24th March 2030. The current passing rent is £30,000 per annum.
The lease includes a tenant?s break option on 24th March 2025. However, in accordance with a Deed of Variation dated 12th November 2024, this break clause has been moved to 24th March 2026, subject to six months? prior written notice. In the event this break clause is exercised, the tenant will have to pay the Landlord a break penalty of £10,000.
Also, in accordance with the Deed of Variation, with effect from 25th March 2025 the annual rent will be 20,000 פאונד לשנה for the remainder of the term.
The tenant has been in occupation since at least 2009 and entered into a lease renewal in June 2020, demonstrating their commitment to the property.
The first and second floors have been let on a 999 year lease from 1st April 2011 at a peppercorn rent.
ברית
The tenant, Done Brothers (Cash Betting) Limited (Co. No. 01277703), has reported the following figures;
1st October 2023 | 1 באוקטובר 2022 | |
מַחזוֹר | £432,162,000 | 418,840,000 פאונד |
רווחים לפני מס (הפסד) | (£36,069,000)* | 40,464,000 פאונד |
בעלי מניות? כְּסָפִים | £42,344,000 | 90,399,000 פאונד |
*The accounts state that there were exceptional items totalling £82,646,000 including a charge relating to the prevision of amounts due from group undertakings which are no longer considered to be recoverable.
Incorporated in 1976, Done Brothers functions as a facilitator of gambling and betting activities. The primary activity of the company concerns retail bookmaking estate, trading under the Betfred name. The retail business consists of traditional Licensed Betting Offices (LBOs) situated at various locations throughout the United Kingdom. Done Brothers run 1,029 betting offices across the UK.
The ultimate parent company is Betfred Group Holdings Limited. Betfred is a recognised global brand in the betting and gambling industry. The company has over 50 years of history and continues to be owned by family. Betfred commits to values of fairness and safety, while continuing to prioritise customer satisfaction. For the year ending 1st October 2023 the company balance sheet reported Shareholders? Funds of £164,008,000.
למידע נוסף בקר www.betfredgroup.com.
מס ערך מוסף
The property has not been registered for VAT and therefore VAT is not applicable.
הצעה
אנו מקבלים הוראה לחפש דמות של 200,000 פאונד (Two Hundred Thousand Pounds), subject to contract, reflecting a net yield of 9.8% from March 2025 (assuming standard purchaser?s costs of 2.3%).
Please note that a purchaser will be re-charged the costs of the searches (£525.97) which are provided in the data room.
לידיעתך, רוכש יחויב בעמלת עסקה בסך 5,000 פאונד בתוספת מע"מ.
שיקולי השקעה
An opportunity to acquire a VAT-free investment in an area of significant regeneration;
The property occupies a prominent position in the town centre;
זְכוּת חֲכִּירָה;
Let to Betfred, one of the largest and most recognised businesses within the gambling industry;
Betfred have been in occupation since at least 2009 and have moved their March 2025 break option, demonstrating their commitment to the property;
רכישה במחיר המבוקש משקפת תשואה ראשונית נטו אטרקטיבית;
גודל מגרש אטרקטיבי למשקיע.