14 King Street Stroud Gloucestershire GL5 3DE

14 King Street
Stroud
Gloucestershire
GL5 3DE

Freehold Retail Investment

  • Retail let to William Hill Organization Limited on a new 15 year lease (subject to option)
  • Prime pedestrianised location opposite the Merrywalks Shopping Centre
  • Affluent Cotswold town
  • Nearby occupiers include Barclays Bank, Superdrug, Boots the Chemist and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    69
  • Auction
    7th July 2016
  • Rent
    £15,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £195,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Retail let to William Hill Organization Limited on a new 15 year lease (subject to option)
  • Prime pedestrianised location opposite the Merrywalks Shopping Centre
  • Affluent Cotswold town
  • Nearby occupiers include Barclays Bank, Superdrug, Boots the Chemist and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 69
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £195,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

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

Stroud is an affluent Cotswold market town situated some 13 miles south west of Cheltenham. The property is situated in a prominent position on the south side of pedestrianised King Street and opposite the entrance to the Merrywalks Shopping Centre. Nearby occupiers include Barclays Bank, Superdrug, Boots the Chemist and Holland & Barrett.

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

Stroud is an affluent Cotswold market town situated some 13 miles south west of Cheltenham. The property is situated in a prominent position on the south side of pedestrianised King Street and opposite the entrance to the Merrywalks Shopping Centre. Nearby occupiers include Barclays Bank, Superdrug, Boots the Chemist and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on basement. The first floor is currently a self contained office benefiting from a certificate of lawfulness for residential use. The second and third floor comprises a 1 bed self contained maisonette. The property benefits from rear access from Fawkes Place.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises retail accommodation on the ground floor with ancillary accommodation on basement. The first floor is currently a self contained office benefiting from a certificate of lawfulness for residential use. The second and third floor comprises a 1 bed self contained maisonette. The property benefits from rear access from Fawkes Place.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Retail
86.40 sq m
(930 sq ft)
WILLIAM HILL
ORGANIZATION
LIMITED (1)
15 years from 16/02/2016
until 2031 on a full
repairing and insuring
lease (2)
£15,000 (3) 01/05/2020
01/05/2025
First Office
To be a 1 bed flat
LONDON &
CHELTENHAM
ESTATES LTD
125 years from completion
of the sale on a full
repairing and insuring
lease
Peppercorn  
Second &
Third
1 bed maisonette
INDIVIDUALS 125 years from 15/02/2013
on a full repairing and
insuring lease
Peppercorn  
Total Commercial
Area
 
86.40 sq m
(930 sq ft)
    £15,000 (3)

(1) William Hill Organization Limited was incorporated in 1933. William Hill operates from over 2,300 shops across the UK. (Source: www.williamhill.com)
(2) The lease provides for a tenant option to determine the lease on 15th February 2021 and 2026.
(3) The lease provides for a 6 month rent free period until 15/08/2016. The seller will pay the buyer the rent that would have been due in the absence of the rent free period, and therefore the property will produce £15,000 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    15.06.16
    File Size
    108 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    617 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Hughes Paddison Solicitors 10 Royal Crescent
Cheltenham
GL50 3DA
Richard Handley 01242 586 344rh@hughes-paddison.co.uk

Useful Links

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

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