Northampton is located approximately 106 km (66 miles) north west of Central London, 88 km (55 miles) south east of Birmingham, 59 km (37 miles) south of Leicester and 88 km (55 miles) west of Cambridge.

The town benefits from good road communications with Junction 15 of the M1 Motorway approximately 6.4 km (4 miles) to the south, accessed via the A45, Junction 15a some 6.4 km (4 miles) to the south-west and Junction 16 approximately 8 km (5 miles) to the west, accessed via the A4500. The M1/M6 Motorway Interchange is approximately 29 km (18 miles) to the north-west.

In addition, the town is connected to the national railway network with a fastest journey time to London Euston of 49 minutes. Direct rail connections are also provided to other regional centres including Birmingham, Nottingham and Milton Keynes. London Luton Airport is approximately 61 km (38 miles) to the south-east and Birmingham International Airport is approximately 72 km (45 miles) to the north-west.

Northampton is located at the heart of the UK, with unrivalled national and international transport links. The town has been identified by Government as a key area for economic growth and was singled out in an Experian report as the best place in the UK to do business, the only place in the country to score 19 out of a possible 20 points across four critera: Number of start-ups, rate of insolvencies, level of financial health and business turnover. Northampton has also been rated in the UK’s top ten places to work based on factors including average house price, wage and available jobs. (Source: www.northamptonez.co.uk).

The property provides the following Net Internal Areas which were agreed between the landlord and tenant at the 2017 rent review;

Ladbrokes Betting and Gaming Ltd (Co No. 00775667) has reported the following figures:

*According to the Strategic Report, the loss for the year was driven by non-trading charges of £573,970,116 (2015: £41,116,776). These include costs associated with the £2.7 billion merger of the ultimate parent company, Ladbrokes PLC, and Gala Coral Group to form Ladbrokes Coral plc, which took place in 2016.

On 28th March 2018, GVC Holdings PLC completed the acquisition of Ladbrokes Coral Group PLC to create one of the worlds’ largest sports betting and gaming Groups. The enlarged Group has a workforce of c.28,000 people and with a network of 3,500 bookmaking shops operating under the separate Ladbrokes and Coral brands, becomes the UK’s largest high street bookmaker.

GVC Holdings plc is a multinational sports betting and gaming group operating through online and retail channels. Incorporated in the Isle of Man, GVC is a constituent member of the FTSE 100 with its shares traded on the Main Market of the London Stock Exchange. The Group owns some of the gaming industry’s leading brands including sports betting-led brands Ladbrokes, bwin, Coral and Sportingbet as well as games-led brands such as Gala, partypoker, PartyCasino and Foxy Bingo.

In the 2017 financial year, GVC reported a Revenue of €896.1 million and adjusted profit before tax of €178.2 million. For further information visit www.gvc-plc.com.

1. An opportunity to acquire a freehold retail investment in the heart of Northampton town centre;

2. The property occupies a prime position opposite the Grosvenor Shopping Centre;

3. Let to the secure covenant of Ladbrokes Betting and Gaming Limited (Net Assets £942m), a wholly owned subsidiary of GVC Holdings plc - a FTSE 100 company;

4. In excess of 8.5 years unexpired lease term;

5. The tenant’s 2022 break option has been removed, demonstrating their commitment to the property;

6. The rent increased from £65,000 per annum to £75,000 annum at the 2017 rent review;

7. VAT free investment;

8. A purchase at the asking price will provide an investor with an attractive net initial yield of 7.9%;

9. Attractive lot size for investors.

Simon Chown spc@chowncommercial.co.uk
+44 (0) 160 460 4050