Units 1 - 4 Woolrich House The Waterloo Cirencester Gloucester GL7 2GA

Units 1 - 4 Woolrich House
The Waterloo
Cirencester
Gloucester
GL7 2GA

Freehold Retail and Residential Ground Rent Investment

  • Comprises 4 x retail units let on recent 10 year leases (subject to option) and 8 residential flats
  • Affluent and historic Cotswold town
  • Opposite the 233 space Waterloo Car Park and some 50 metres from Woolmarket Shopping Centre
  • Designated on-site car parking
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    49
  • Auction
    19th May 2016
  • Rent
    £71,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £700,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail and Residential Ground Rent Investment

  • Comprises 4 x retail units let on recent 10 year leases (subject to option) and 8 residential flats
  • Affluent and historic Cotswold town
  • Opposite the 233 space Waterloo Car Park and some 50 metres from Woolmarket Shopping Centre
  • Designated on-site car parking
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 49
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £700,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles south-east of Cheltenham, 34 miles west of Oxford, 35 miles north-east of Bristol
Roads
A417, A419, A433, M4, M5
Air
Bristol Airport
Situation

Cirencester is an affluent and historic Cotswold town situated some 16 miles south-east of Cheltenham. The property is situated on the south side of The Waterloo, opposite the 233 space Waterloo Public Car Park and some 50 metres east of the Woolmarket Shopping Centre with access to Market Place and Dyer Street.

Tenure

Freehold.

Location
Miles
16 miles south-east of Cheltenham, 34 miles west of Oxford, 35 miles north-east of Bristol
Roads
A417, A419, A433, M4, M5
Air
Bristol Airport
Situation

Cirencester is an affluent and historic Cotswold town situated some 16 miles south-east of Cheltenham. The property is situated on the south side of The Waterloo, opposite the 233 space Waterloo Public Car Park and some 50 metres east of the Woolmarket Shopping Centre with access to Market Place and Dyer Street.

Tenure

Freehold.

Description

The property comprises four retail units on the ground floor with 8 residential flats on the first and second floors accessed from the front of the property. The property further benefits from rear and side car parking.

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 retail units on the ground floor with 8 residential flats on the first and second floors accessed from the front of the property. The property further benefits from rear and side car parking.

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 No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review (Reversion)
1 Ground Financial &
Professional
Services (A2)/
Ancillary
96.80 sq m (1,042 sq
ft)
KELSOON
LTD
t/a CJ
Hole Estate
Agents
(1)
10 years
from
17/04/2015 (2)
£17,300 17/04/2020
(16/04/2025)
2 Ground Retail/Ancillary 96.80 sq m (1,042 sq
ft)
VOGA
INTERIORS
LIMITED
10 years
from
04/01/2016 (3)
£17,300 04/01/2021
(03/01/2026)
3 Ground Retail/Ancillary 89.83 sq m (967 sq
ft)
WINNENS 1929
LIMITED
10 years
from
08/04/2016 (4)
£17,300 (5) 08/04/2021
(07/04/2026)
4 Ground Retail/Ancillary 89.83 sq m (967 sq
ft)
INDIVIDUAL t/a
Secret Beautique
10 years
from
10/07/2015 (6)
£17,300 10/07/2020
(09/07/2025)
Apartments 1
to 8
First
and
Second
Residential
8 x 2 bedroom flats
INDIVIDUALS 125 years from 1st
January 2014 (7)
£2,400 (31/12/2138)
Total Commercial Floor Area     373.26 sq m (4,018 sq ft)     £71,600  

(1) Kelsoon LTD was incorporated in 2003. CJ Hole was founded in 1867 and is an independently owned estate agency franchise serving the south-west, extending to over 250 offices operating under 5 established brand names nationwide (Source: www.cjhole.co.uk).
(2) The lease provides for a tenant option to determine the lease on 17th April 2020.
(3) The lease provides for a tenant option to determine the lease on 4th January 2021.
(4) The lease provides for a tenant option to determine the lease on 8th April 2021.
(5) For the purpose of clarification, Winnens 1929 Limited will benefit from a 4 month rent free period from completion of the lease. The seller has agreed to adjust the completion monies so that the unit will effectively produce £17,300 p.a.x. from completion of the sale.
(6) The lease provides for a tenant option to determine the lease on 10th July 2020.
(7) The seller has served a notice on the qualifying residential tenants pursuant to Section 5b of the Landlord and Tenant Act 1987.

Property Documents

  • Site Plan
    Updated Date
    27.04.16
    File Size
    522 KB
    View PDF
  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    510 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
Associate Auctioneers
Thomson & Partners 8 Black Jack Street
Cirencester
Gloucestershire
GL7 2AA
Luke Sparkes 01285 647 333ls@thomsonandpartners.co.uk
Seller's Solicitors
Birketts LLP 22 Station Road
Cambridge
CB1 2JD
Natalie Biggs 01223 326 771natalie-biggs@birketts.co.uk

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