Betfred, 440-442 Welbeck Road, Newcastle Upon Tyne
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Tenure
Freehold
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Let to Betfred
- Five Year Term Expiring 07.07.2029
- The Tenant Has Been in Occupation for 17+ Years
- Established and Popular Location
- VAT Free Investment
- Investment Let at £9,100 per annum (11.2% GIY on Guide Price)
Description
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
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
Betfred, 440-442 Welbeck Road, Newcastle Upon Tyne
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