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Investment property for sale

Peterborough, Cambridgeshire, PE1 2PH

Reference No: 4R135

1,614 sqft £425,000
Investment property for sale

A two storey retail investment with residential upper parts. The premises are held on a 15 year full repairing lease from 1 November 2007. The premises are currently let to Power Leisure Bookmakers Ltd T/A Paddy Power until 31 October 2022 at a rent of £32,500 pax with a tenant option to renew for a further 6 years. The lease allows the tenant to sublet the first floor flat.

The ground floor is well fitted with suspended ceilings, recessed lighting and air conditioning. The first floor has an independent access and comprises a large 3 bedroom flat.

Paddy Power have a turnover of £909 million.

OFFERS INVITED IN THE REGION OF £425,000 Price equates to a gross yield of 7.65%.

Richard Jones

37 Priestgate City Centre, Peterborough, PE1 1JL

Key Points About This Property

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Richard Jones | 01733 556 497