Property Identification of the right property can mean the difference between success and failure. National companies generally seek larger premises that offer more space so they may provide all the facilities expected in a modern betting office. These are generally sourced through national property agents who may be instructed on a retained basis. Independent operators though can trade equally as well from smaller premises although restricting facilities due to size is not ideal. Properties can be sourced through similar agents, but one advantage of being independent is the knowledge you may have of the local marketplace through word of mouth Have consideration for: Size of premises Location of premises Access to premises Facilities that can and cannot be provided Planning use ­ A2 planning consent is required for betting shop use. Property Type The typical useable customer floor space required for a betting shop, ranges from between 35sqm to 50sqm. In total the premises will need to be a minimum of 70sqm to allow for toilet, counter and staff areas and an adequate customer area. The premises must have a class A2 (class 2 in Scotland) use, more commonly defined and known as "Class A2. Financial and professional services", which has the provision of use for:- (a) financial services, or (b) professional services (other than health or medical services), or (c) any other services (including use as a betting office) which it is appropriate to provide in a shopping area, where the services are provided principally to visiting members of the public. If the property does not already have this use, then a planning application for a change of use will need to be applied for to the local council. Location Betting shop customers are known to choose their destination primarily by convenience ­ is it in walking distance from my home? Is there somewhere to park my car? Is the location accessible by public transport links? Are there any other complimentary conveniences in the locality? However, the location of a betting shop may also be restricted by planning issues, any effects it may have on the environment or a lack of evidence of any unmet or latent demand for betting in the locality. Commercial Leases Modern commercial leases are generally formed for periods of 5,10 or 15 years on full repairing and insuring terms. However both the tenant's and landlord's covenants for the lease are negotiable by you or your solicitor. In general, the landlord will insure the property and look to the tenant for reimbursement. Any repairs to the property may be the tenant's responsibility and if so, a property condition survey should be carried out prior to the signing of any agreement. Where the property is part of a building, the Landlord undertakes to provide services that include the repair and maintenance of the structure and exterior of the building and its common parts, the Tenant contributing to the costs of such maintenance by means of a service charge. Rent review's are generally actionable every 5 years, although 3 yearly reviews may be sought in some instances. The market rent ­ i.e. the price per sqft of retail space in the locality ­ is determined by market evidence. At atlas we can provide a full range of services to help you make the right decisions. Contact us for more information.