Let to Ladbrokes Betting & Gaming Ltd until September 2030 (subject to option)
Three bed flat on first floor let on AST
Prominent location on High Street
Nearby occupiers include HSBC, The Cooperative and Sue Ryder
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 55
Auction 7th July 2016
Rent £23,580 per Annum Exclusive
Status Sold
Price £300,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
3.3 miles west of Stroud, 9 miles south of Gloucester, 30 miles north of Bristol
Roads
M5 (Junction 13), A38, A419
Rail
Stonehouse Rail (London Paddington in 94 minutes)
Air
Bristol Airport
Situation
Stonehouse is a town located on the outskirts of the Cotswolds just off the M5 and some 9 miles south of Gloucester. The property occupies a prominent position on the High Street with nearby occupiers including HSBC, The Cooperative and Sue Ryder.
Tenure
Freehold.
Location
Miles
3.3 miles west of Stroud, 9 miles south of Gloucester, 30 miles north of Bristol
Roads
M5 (Junction 13), A38, A419
Rail
Stonehouse Rail (London Paddington in 94 minutes)
Air
Bristol Airport
Situation
Stonehouse is a town located on the outskirts of the Cotswolds just off the M5 and some 9 miles south of Gloucester. The property occupies a prominent position on the High Street with nearby occupiers including HSBC, The Cooperative and Sue Ryder.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with a self contained three bedroom flat at first floor. The property benefits from a large yard to the rear with parking for approximately three cars and a first floor roof terrace.
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 a ground floor retail unit with a self contained three bedroom flat at first floor. The property benefits from a large yard to the rear with parking for approximately three cars and a first floor roof terrace.
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/(Reversion)
Ground
Betting Shop
168.42 sq m
(1,813 sq ft)
LADBROKES BETTING & GAMING LIMITED (1)
15 years from 01/10/2015 until 30/09/2030 (2)
£16,500
01/10/2020 and 01/10/2025
First
Residential
Three Bedroom Flat
INDIVIDUAL
AST for a term of 1 year 9 months from 29/03/2015
£7,080 (3)
(30/11/2016)
Total Commercial Area
168.42 sq m
(1,813 sq ft)
£23,580
(1) For the year ending 31st December 2014, Ladbrokes Betting & Gaming Limited reported a turnover of £824,322,000 , pre-tax profits of £57,141,000 and a total net worth of £1,096,567,000. (Source: Experian Group 08/06/2016) (2) The lease provides an option to determine on every fifth anniversary of the term. (3) The rent has been annualised.
