In the twelfth and final deal of our 12 deals of Christmas, acting on behalf of Woodhead Investments we are pleased to have completed the investment sale of 3 Market Place, Pontefract let to Betfred for a price of £290,000 reflecting a net initial yield of 10.44%.
The property is let to Done Brothers (Cash Betting) Limited on a 10 year FRI lease from 29th
September 2016 at a current rent of £31,250 pax.
The property occupies a prime location within this popular market town immediately adjacent to Barclays Bank and The Printer Draft public house with other multiple retailers in the close vicinity including Marks and Spencer, Nationwide, Santander, Vodafone, Holland & Barrett & Greggs as well as a number of local retailers and bars and restaurants.
The property comprises a Grade II listed mid-terrace 3 storey retail unit of brick construction, under a pitched slate roof to the front and rear extensions and provides ground floor sales and rear stock with first floor offices and staff facilities and second floor storage.
Wishing you a Merry Christmas and a Happy New Year from all at BHT!
