Cashino, Aldershot

 

8/10 Wellington Road, Aldershot, Hampshire, GU11 1DZ

Offers in excess of
N/A
Sold
Type - Commercial
Tenant type - Betting Shops
  • Tenure: Virtual Freehold
  • Gross Rent: £114,249
  • Lease Term: 13.25 years from Jul '12
  • VAT applicable?: Y
  • Fixed rental uplifts every 5 years
  • 24/7 gaming arcade

Property Description

  • Virtual Freehold, Blue-chip, Gaming Arcade Investment
  • A Large Double Shop built ca. 1991 with 2 front entrances and glass partitioning to allow additional high value payout gaming machines.
  • There is a rear internal staircase leading to Open Plan Ancillary Accommodation at first floor level.

Location Description

  • The property occupies a busy trading position in the pedestianised town shopping centre, adjacent to Brighthouse, opposite HSBC and Lidl, close to branches of Store 21, Betfred and Costa.
  • It is opposite the entrance to the Wellington Shopping Centre and The Galleries and close to Union Street which houses Marks & Spencer, McDonalds, Next and many others.
  • Aldershot has long term military connections with the British Army and is approximately 35 miles south west of central London and 12 miles from Guildford.
  • The Aldershot urban area comprises the nearby towns of Camberley, Farnborough, and Farnham and has a population of 245,000

Additional Notes

  • The property is held Long Leasehold on 2 Leases – 1st lease is 999 years from 25th September 1858 at a fixed ground rent of 12½ pence p. a. and the 2nd Lease is 999 years from 25th March 1862 at a fixed ground rent of 12½ pence p. a. (Both over 840 years)
  • There is an indemnity policy in perpetuity for £1,500,000 in respect of a small piece of unregistered land at the property.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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