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Sold

Single let bookmakers investment sold

Price:

£232,500

3,281 sq ft

We are very pleased to confirm the sale of this bookmakers investment, entirely let to Done Brothers (Cash Betting) Ltd t/a Betfred.


The property is located in, Chester le Street; a market town in County Durham with a population of around 38,000, situated towards the northern end of Front Street closest to St Cuthberts Shopping Centre


The property is let on a new 5 year lease from 1 May 2024 therefore expiring on 30 April 2029 at a newly re-based rent of £22,500 per annum. Tenant last reported turnover in excess of £4bn and pre-tax profits of over £40m (25/09/22) providing excellent security.



Property Details

Location Details

Chester le Street, County Durham

Sector

Retail

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