58 - 61 High Street Stroud Gloucestershire GL5 1AS

58 - 61 High Street
Stroud
Gloucestershire
GL5 1AS

Freehold Retail Parade Investment

  • Comprises an attractive parade of three retail units
  • Let to tenants trading as Superdrug, Milletts and Cardzone
  • Prime pedestrianised retail location
  • Nearby occupiers include Costa, Greggs, Boots the Chemist and JD Wetherspoon
  • Prosperous and attractive Gloucestershire market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    19
  • Auction
    7th July 2016
  • Rent
    £99,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,300,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers Moorfields
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade Investment

  • Comprises an attractive parade of three retail units
  • Let to tenants trading as Superdrug, Milletts and Cardzone
  • Prime pedestrianised retail location
  • Nearby occupiers include Costa, Greggs, Boots the Chemist and JD Wetherspoon
  • Prosperous and attractive Gloucestershire market town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 19
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £1,300,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Receivers Moorfields

Property Information

Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation

The property is situated in a highly prominent position on the northern side of the pedestrianised High Street, close to its junction with Kendrick Street, in an excellent trading location. Nearby occupiers include Costa, Greggs, Boots the Chemist, JD Wetherspoon, Lloyds, NatWest and HSBC banks.

Tenure

Freehold.

Location
Miles
9 miles south of Gloucester, 32 miles north-east of Bristol
Roads
A417, A419, M5 (Junction 13)
Rail
Stroud Railway Station
Air
Bristol Airport
Situation

The property is situated in a highly prominent position on the northern side of the pedestrianised High Street, close to its junction with Kendrick Street, in an excellent trading location. Nearby occupiers include Costa, Greggs, Boots the Chemist, JD Wetherspoon, Lloyds, NatWest and HSBC banks.

Tenure

Freehold.

Description

The property comprises an attractive unbroken parade of three retails units, providing ground floor retail and first floor ancillary accommodation. The second floors of each unit are accessed by a ladder and loft hatch only. The second floor of Unit 59 is not demised to Blacks Outdoor Retail Limited.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an attractive unbroken parade of three retails units, providing ground floor retail and first floor ancillary accommodation. The second floors of each unit are accessed by a ladder and loft hatch only. The second floor of Unit 59 is not demised to Blacks Outdoor Retail Limited.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
58 Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
102.63 sq m
29.29 sq m
Not measured
(1,105 sq ft)
(315 sq ft)
(Restricted access)
SPECIAL OCCASIONS
(GREETINGS) LIMITED
t/a CARDZONE
5 years from 18/07/2013 £20,000 (17/07/2018)
59 Ground
First
Retail/Ancillary
Ancillary
148.20 sq m
39.02 sq m
(1,595 sq ft)
(420 sq ft)
BLACKS OUTDOOR
RETAIL LIMITED (1)
t/a MILLETS
10 years from 03/10/2014 (2) £30,000 03/10/2019
(02/10/2024)
60-61 Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
266.55 sq m
82.26 sq m
Not measured
(2,869 sq ft)
(885 sq ft)
(Restricted access)
SUPERDRUG STORES
PLC (3)
5 years from 27/07/2012 £49,750 26/07/2017
Totals    
667.95 sq m
(7,190 sq ft)
    £99,750

1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 74 Blacks and 80 Millets stores in the UK. (Source: www.jdplc.com and www.millets.co.uk 27/05/2016)
(2) The lease is subject to a tenant option to determine on 3rd October 2019.
(3) For the year ending 27th December 2014, Superdrug Stores Plc reported a turnover of £1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000 (Source: Experian Group 27/05/2016).

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    909 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    123 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Dentons UKMEA LLP One Fleet Place
London
EC4M 7WS
Abbey Wiggett 0207 246 7330abbey.wiggett@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now