Betfred, 440-442 Welbeck Road, Newcastle Upon Tyne

The property comprises a high yielding retail investment let to the well established covenant of Betfred.

Arranged across ground floor only and forming part of a popular local parade, the property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new five year lease expiring 07.07.2029 and producing £9,100 per annum.

The tenant has been in occupation for over 15 years with the current lease agreed in July 2024 being a renewal of a previous existing lease, displaying confidence in the location.

The property forms part of a popular local parade providing local retail amenity, nearby occupiers include Heron Foods, Greggs and Costcutter.

The property is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new five year lease expiring 07/07/2029 and producing £9,100 per annum.

The lease is on full repairing and insuring terms, and includes a tenants break option in the third year.

The tenant has been in occupation for over 15 years with the current lease agreed in July 2024 being a renewal of a previous existing lease, displaying confidence in the location.

Done Brothers (Cash Betting) Limited

D&B Rating - 5A 2
Turnover (2025) - £867.3m
Pre-Tax Profit (2025) - £92.7m
Total Assets (2025) - £198.2m
Employees - 7,659