Sold
Mecca Bingo, Queens Road, Sheffield, South Yorkshire
North West
dba052
Leisure£6,250,000
Tenure: Freehold
Tenancy: Single Let
Investment summary
•Two storey leisure unit constructed in the 1960's.
•The property is arranged to provide a bingo hall, casino and bar kitchen facilities at ground floor and an ice skating rink on the first floor.
•Let to Mecca Bingo Limited (by way of assignment from Universal Bowling Limited) on a full repairing and insuring lease for a term of 99 years (less 3 days) from September 1965.
•Net initial yield of 4.3%.