Units B1 - B6, Whittle Square Gloucester Gloucestershire GL3 4AA

  • Units B1 - B6, Whittle Square<br>Gloucester<br>Gloucestershire<br>GL3 4AA

Units B1 - B6, Whittle Square
Gloucester
Gloucestershire
GL3 4AA

Modern Retail Parade Investment

  • Tenants include Andrews Estate Agents Ltd, Badham Pharmacy Ltd and Barnardo’s
  • One Unit Offered with Vacant Possession
  • Located on Gloucester Business Park, adjoining Tesco Extra
  • Nearby occupiers include Virgin Active, Costa Coffee, Subway, Ladbrokes and Greggs
  • Lot
    64
  • Auction
    23rd October 2014
  • Rent
    £81,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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Modern Retail Parade Investment

  • Tenants include Andrews Estate Agents Ltd, Badham Pharmacy Ltd and Barnardo’s
  • One Unit Offered with Vacant Possession
  • Located on Gloucester Business Park, adjoining Tesco Extra
  • Nearby occupiers include Virgin Active, Costa Coffee, Subway, Ladbrokes and Greggs
  • Lot 64
  • Auction 23rd October 2014
  • Rent £81,000 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
7 miles south west of Cheltenham, 14 miles north-west of Cirencester,38 miles north of Bristol
Roads
M5, A417
Rail
Gloucester Railway Station
Air
Gloucestershire Airport, Bristol Airport
Situation

Located between Gloucester and Cheltenham, Gloucester Business Park provides easy access to the M5 motorway and the A417 dual carriageway and is home to a number of occupiers including a 24 hour Tesco Extra, Virgin Active, Brewers Fayre Public House, Costa Coffee, Subway, Ladbrokes and Greggs.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Location
Miles
7 miles south west of Cheltenham, 14 miles north-west of Cirencester,38 miles north of Bristol
Roads
M5, A417
Rail
Gloucester Railway Station
Air
Gloucestershire Airport, Bristol Airport
Situation

Located between Gloucester and Cheltenham, Gloucester Business Park provides easy access to the M5 motorway and the A417 dual carriageway and is home to a number of occupiers including a 24 hour Tesco Extra, Virgin Active, Brewers Fayre Public House, Costa Coffee, Subway, Ladbrokes and Greggs.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises four ground floor retail units which adjoin the Tesco
Extra.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises four ground floor retail units which adjoin the Tesco
Extra.

Six Week Completion

VAT

VAT is applicable to this lot.

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
B1-B2 Ground Retail
75.44 sq m
(812 sq ft)
ANDREWS ESTATE AGENTS LTD (1) 10 years from 25/03/2014 until 24/03/2024 £18,000 24/03/2019
B3 Ground Retail
131.92 sq m
(1,420 sq ft)
BADHAM PHARMACY LTD (2) 15 years from 21/03/2011 until 20/03/2026 (3) £30,000 21/03/2016 and 21/03/2021
B4- B5 Ground Retail
175.96 sq m
(1,894 sq ft)
BARNARDO’S (4) 10 years from 14/11/2013 until 13/11/2023 £33,000 14/11/2018
B6 Ground Retail
93.09 sq m
(1,002 sq ft)
VACANT POSSESSION      
Totals    
476.41 sq m
(5,128 sq ft)
    £81,000  

(1) For the year ending 31st December 2012, Andrews Estate Agents Limited reported a turnover of £16,053,669, pre-tax profits of £444,278 and a total net worth of
£3,198,749. (Source: www.riskdisk.com 19/09/2014)
(2)For the year ending 31st March 2013, Badham Pharmacy Limited reported a turnover of £11,331,328, pre-tax profits of £965,294 and a total net worth of £1,875,376.
(Source: www.riskdisk.com 19/09/2014)
(3)The lease to Badham Pharmacy Ltd provides an option to determine on the tenth anniversary of the term.
(4)Founded in 1866, Barnardo’s is the UK’s largest children’s charity running over 900 services with more than 500 shops, over 8,000 staff and some 15,000
volunteers. (Source: www.barnardos.org.uk 19/09/2014)

Property Documents

  • Site Plan
    Updated Date
    01.10.14
    File Size
    48 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    1 MB
    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

Acuitus
Henry WilkinsonHenry Wilkinson +44 (0)20 7034 4861 Henry.wilkinson@acuitus.co.uk
Seller's Solicitors
Berwin Leighton Paisner LLP Adelaide House, London Bridge
London
EC4R 9HA
Marie-Claire Lowry (0)20 3400 3522marie-claire.lowry@blplaw.com

Useful Links

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

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