Lot 48: FREEHOLD COMMERCIAL INVESTMENT

Sold £118,000

This single storey commercial unit has been operating for many years as a licenced betting office and is situated in the heart of this seaside town.

Tenancy

The tenants, William Hill Plc (formerly Mecca Book Makers Ltd), are holding over under the terms of an original Commercial Lease for a term of 15 years from 25th March 1992 and paying the original rental of £3,500 per annum.

A Section 25 Notice has been served on the tenants and it has been agreed that the time limit for concluding negotiations for a new lease has been extended to 16th July 2019. Further information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Business Rates

The current rateable value for the premises is £8,600 effective from 1st April 2017.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are required not to contact the tenant directly.

Commercial EPC: C