15-16 Hall Place, Spalding, Lincolnshire, PE11 1SA
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 4TH JUNE 2026 (UNLESS SOLD PRIOR).
- High Street Location
- Ground Floor Shop with 1st & 2nd Floor Ancillary
- FREEHOLD
- Trading as Betfred
- Producing £25,000 per annum
- Gross yield 12.5%
Description
Occupying a prominent trading position in the heart of the pedestrianised town centre with its twice weekly market, adjacent to Boots and Co-op Travel and amongst such multiples as Savers,
Card Factory, Superdrug, Specsavers, Holland & Barrett, Greggs, TGJones, Costa Coffee, Lloyds Bank, William Hill and many more, being less than 1/4 mile from Spalding Rail Station (East Midlands Railway).
Spalding is an attractive Lincolnshire market town located some 15 miles north of Peterborough and approx. 23 miles west of Kings Lynn and benefits from good road links via the A16 and A151.
PROPERTY
A mid terrace building comprising a Ground Floor Double Shop with internal access to Ancillary Accommodation on the first and second floors (See Note).
ACCOMMODATION
Ground Floor Double Shop
Gross Frontage 28'5"
Internal Width 26'0"
Shop Depth 46'7"
Built Depth 55'4"
2 WCs
First Floor Ancillary (above No. 15)
Area Approx. 502 sq ft
Second Floor Ancillary (above No. 15)
Area Approx. 119 sq ft
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease to Done Brothers (Cash Betting) Limited t/a Betfred (having approx. 1,300 branches) for a term of 15 years from 23rd April 2026 (in occupation since 2017) at a current rent of £25,000 per annum exclusive.
Rent Reviews and Tenant's Break 2031 and 2036
Note 1: The first and second floors above No. 16 have been sealed off and currently there is no access to this part of the property.
Note 2: 6 week completion.
Energy Performance Certificates
EPCBrochures
15-16 Hall Place, Spalding, Lincolnshire, PE11 1SA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Spalding Station0.2 miles
Notes
Disclaimer - Property reference Spalding. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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