FHP ACQUIRE FIRST SHOP FOR BETSTER BOOKMAKERS AT 25-27 MARKET SQUARE, BASILDON

Retail News

Fisher Hargreaves Proctor has acquired leasehold premises at 25-27 Market Square, Basildon on behalf of Betster Bookmakers on a new 15 year full repairing and insuring lease at a rental of £35,500 per annum, subject to upwards only review at the end of each fifth year.  An initial rent free period of 3 months was secured.

The double fronted premises contain approximately 900ft² ground floor sales area and occupy an excellent position fronting onto the town’s Market Square.

Mark Bradley of FHP who acted for his retained client Betster, commented:-

“I was pleased to acquire the first betting shop for this new client in an off market transaction following a direct approach to the owners of the shopping centre.  The unit occupies an ideal location for a bookmaker directly fronting the market area and close to several public houses.”

 

Betting Shop Holdings Ltd t/a Betster is a newly formed company with substantial financial backing from Intuition Capital and aims to open 50 high quality betting shops over the next 3 years in major towns and city centres.

Details of suitable units within the Midlands, East Anglia and Yorkshire areas of between 1,000-1,500ft² ground floor sales should be forwarded to Mark Bradley.