8-10 Cadzow Street, Hamilton ML3 6DG | Property for sale | Savills
Guide price £145,000(NT$6,131,043)

8-10 Cadzow StreetHamilton ML3 6DG

  • New
  • Sole agency
  • Freehold
Investment
Yield 12%Yield

Key features

  • Town Centre Betting Office let to Ladbrokes
  • Let to Ladbrokes on a lease expiring 2028(1)
  • 2024 Break not exercised
  • Well located in the town centre
  • Nearby occupiers include William Hill (opposite)
  • Ladbrokes in occupation since 2021
  • VAT is not applicable
  • Current Rent Reserved £17,000 pa
  • Guide Price £145,000 (reflecting 11.72% GIY)

Well Located Grade B Listed Heritable Betting Office Investment

About this property

  • The Grade B Listed property is arranged over ground floor only to provide a betting office with ancillary staff accommodation and WC. The property forms part of a larger building not included in the sale.

Local information

  • Hamilton is a large town in South Lanakshire, Scotland
  • It is situated about 12 miles southeast of Glasgow, at the confluence of the River Clyd and the Avon Water
  • Hamilton is the forth largest town in Scotland
  • The property is located to the north side of Cadzow Street in the town centre and close to it's junction with Keith Street, Townhead Street, Castle Street and Quarry Street
  • Nearby Occupiers include William Hill (opposite), Crema and Semi-Chem amongst others
  • On-street parking is provided on Cadzow Street itself whilst there are a number of pay and display car parks within the vicinity.

Additional information

  • Let to Ladbrokes Betting and Gaming Limited on a lease for a term of 27 years from 21st December 2001 at a current rent of £17,000 per annum.
  • The lease provides for rent reviews every 5th year and contains full repairing and insuring covenants.
  • (1)There is a tenant break option on 27.05.2026
  • Tenant information
  • Website: sports.ladbrokes.com
  • For the year ended December 2022, Ladbrokes Betting and Gaming Limited reported a turnover of £1.03bn, a pre-tax profit of £54.3m, Shareholders funds of £1.195bn and a net worth of £1.15bn (Source: Incans.com 10/09/2024)