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.
梅奈购物中心之前以 Debenhams 百货公司为主。该商店将成为一个重要的健康和保健中心,约 3000 万英镑的投资已获得 Betsi Cadwaladr 大学卫生委员会和格温内斯议会的批准。计划已提交给卫生委员会和威尔士政府进行正式批准。已签订合同,将中心的长期租赁权出售给卫生委员会,预计在获得威尔士政府批准后,将于 2025 年完工。
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.
住宿
该物业已根据 BKR 楼层平面图进行测量,并提供以下净内部建筑面积:
净临街面 | 5.94 m | 19?6? |
总临街面积 | 6.55 米 | 21?6? |
A区 | 35.30 sq m | 380 sq ft |
B区 | 33.82 sq m | 364 sq ft |
C区 | 25.64 平方米 | 276 平方英尺 |
伊察 | 631 | |
全部的 | 94.76 sq m | 1,020 sq ft |
一组平面图可供下载。
应课税值
According to the Valuation Office website the rateable value for the property is £22,000.
The business rates multiplier is 0.562.
任期
自由持有
租赁
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 每年 20,000 英镑 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.
盟约
The tenant, Done Brothers (Cash Betting) Limited (Co. No. 01277703), has reported the following figures;
1st October 2023 | 2022 年 10 月 1 日 | |
周转 | £432,162,000 | 418,840,000 英镑 |
税前利润(亏损) | (£36,069,000)* | 40,464,000英镑 |
股东?资金 | £42,344,000 | 90,399,000 英镑 |
*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.
欲了解更多信息,请访问 www.betfredgroup.com.
增值税
The property has not been registered for VAT and therefore VAT is not applicable.
提议
我们被指示寻找一个数字 20万英镑 (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.
请注意,购买者将被收取 5,000 英镑的交易费外加增值税。
投资注意事项
An opportunity to acquire a VAT-free investment in an area of significant regeneration;
The property occupies a prominent position in the town centre;
自由持有;
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;
以要价购买反映了诱人的净初始收益率;
对投资者有吸引力的手数。