Next auction Thursday 20th June 2.30PM

7 The Circle, Tredegar, Gwent, NP22 3PS

Guide price


Property Type


Key Features

  • An opportunity to acquire a freehold Betting Office and Ground Rent Investment in the heart of Tredegar
  • Current rent reserved of £12,544.92 per annum.
  • A high yielding investment opportunity

Part of the 14 December 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a freehold Betting Office and Ground Rent Investment in the heart of Tredegar, with a current rent reserved of £12,544.92 per annum.

  • Occupying a prominent position on 'The Circle'
  • Town centre location and a prominent building
  • Shop let to Coral Racing Ltd, lease expiry 2027
  • No breaks in the lease
  • 2021 review was by way of a compound increase
  • Shop includes basement and ancillary stores
  • No VAT applicable
  • First floor offices sold off on a 999 yr lease (£1 rent)
  • Coral have over 1,700+ shops nationwide
  • 3rd largest bookmaker in the UK (20% mkt share)
  • Part of Entain Group, one of worlds largest betting co's

Contact Auction Estates on 0115 7844600


A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to the occupational tenancies. The basement and ground floors are let to Coral Racing Limited on a 16 year lease expiring February 2027 at a current rent reserved of £12,543.92 pa The First Floor offices are subject to a lease for a term of 999 years from 25th May 1982 at a rent of £1 pa

Refer to Legal Pack

Telephone: 01623 675805

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