TREBLE WINNERS FOR FHP

Retail News

FHP continues its long standing involvement with the expansion programme for Betfred Bookmakers by acquiring three new shops in the first months of 2015.

Two of the units, Shirebrook and Great Barr, Birmingham were new locations and the third in Hucknall is a relocation for their existing branch which is subject to a CPO for the proposed town centre inner relief road.

Mark Bradley who acts for the bookies commented:-

“Betfred has been targeting Shirebrook for some considerable time but the lack of suitably sized premises had thwarted previous attempts. However a large unit at 26-28 Market Place was acquired by a local developer, and terms were quickly agreed off market for a pre-let subject to refurbishment to provide 1,200ft² on a prominent corner site fronting the Market Place.

At Great Barr, this was a strategic move at the Scott Arms Shopping Centre where an opportunity arose adjacent to the busy public house providing a better location than nearby competition. The unit has the benefit of an existing A3 consent so could be occupied for A2 enabling the lease to be completed in a relatively short timescale.

In Hucknall, the freehold of 41-43 High Street was acquired as a relocation for their existing branch. The new shop will provide a larger trading area and will ultimately benefit from the pedestrianisation of High Street once the new relief road opens.”

Betfred continue with their expansion programme throughout the Midlands and East Anglia and any suitable opportunities containing around 1,000 – 1,200ft² ground floor sales should be forwarded to Mark Bradley markb@fhp.co.uk / 01332 343222.