It is a casino investment in the center of the town south-west of London with a population of more than 30,000 people.
The total area of the two-storey building is 416 m².
The ground floor accomodates gaming halls, the first floor is for auxilliary rooms. The proeprty features two window cases on the ground floor.
The casino is open 24 hour, the building has all the necessary licenses.
Ownership: Virtual freehold.
The proeprty is fully leased out.
Absolute income is 114,249 £.
The current yield of 9,1%.
Transaction costs of 6%.
Tenant is a gaming operator.
The lease agreement is signed until 2025 with the indexation of rental rates every 5 years. Repair and insurance costs are borne by the tenant.
Location and nearby infrastructure
Casino is located in the pedestrian zone in the town center, in the busy retail corridor.
There is a public parking for 400 places, a variety of shops and cafes, as well as pharmacy in the walking distance.