39 - 43 Benhall Avenue Cheltenham Gloucestershire GL51 6AF

39 - 43 Benhall Avenue
Cheltenham
Gloucestershire
GL51 6AF

Freehold Neighbourhood Retail Parade

  • Comprising three ground floor retail units and three self-contained residential flats (let on long leases)
  • Two shops let until 2030 (subject to options)
  • Popular neighbourhood shopping parade anchored by One Stop
  • Asset Management Oppertunities
  • £12,150 per annum exclusive, with 1 retail unit to be let
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    115
  • Auction
    13th October 2016
  • Rent
    £12,150 per Annum Exclusive
  • Status
    Sold
  • Price
    £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Neighbourhood Retail Parade

  • Comprising three ground floor retail units and three self-contained residential flats (let on long leases)
  • Two shops let until 2030 (subject to options)
  • Popular neighbourhood shopping parade anchored by One Stop
  • Asset Management Oppertunities
  • £12,150 per annum exclusive, with 1 retail unit to be let
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 115
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £205,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On Behalf of Receivers CBRE

Property Information

Location
Miles
2 miles west of Cheltenham, 6 miles north-east of Gloucester, 41 miles north-west of Oxford, 43 miles north-east of Bristol Roads: A40, A417, M5 (Junction 11), M50
Rail
Cheltenham Spa Railway Station
Air
Gloucestershire Airport, Bristol Airport
Situation

The property is located 2 miles west of Cheltenham town centre on the west side of Benhall Avenue in a popular neighbourhood retail parade adjacent to the A40, an arterial route between the M5 to the west and Cheltenham to the east. The property benefits from being situated in a densely populated residential area and One Stop being a neighbouring occupier.

Tenure

Freehold.

Location
Miles
2 miles west of Cheltenham, 6 miles north-east of Gloucester, 41 miles north-west of Oxford, 43 miles north-east of Bristol Roads: A40, A417, M5 (Junction 11), M50
Rail
Cheltenham Spa Railway Station
Air
Gloucestershire Airport, Bristol Airport
Situation

The property is located 2 miles west of Cheltenham town centre on the west side of Benhall Avenue in a popular neighbourhood retail parade adjacent to the A40, an arterial route between the M5 to the west and Cheltenham to the east. The property benefits from being situated in a densely populated residential area and One Stop being a neighbouring occupier.

Tenure

Freehold.

Description

The property comprises an unbroken parade of three units which form part of a larger parade and provide ground floor retail accommodation with three self-contained residential flats on the first and second floors. The property benefits from car parking to the rear.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge 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 unbroken parade of three units which form part of a larger parade and provide ground floor retail accommodation with three self-contained residential flats on the first and second floors. The property benefits from car parking to the rear.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge 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)
39 Ground Retail/Ancillary
92.03 sq m
(991 sq ft)
INDIVIDUAL
t/a Me Hair,
Beauty &
Barbers
15 years from
27/01/2015 (1)
£6,000 27/01/2020 & 27/01/2025
(26/01/2030)
41 Ground Retail/Ancillary
93.51 sq m
(1,007 sq ft)
INDIVIDUAL
t/a EnVogue
15 years from
25/09/2015 (2)
£6,000 25/09/2020 &
25/09/2025 (24/09/2030)
43 Ground Retail/Ancillary
107.87 sq m
(1,161 sq ft)
VACANT      
39A,
41A &
43A
First
&
Second
3 x Two
bedroom flats
-
(-)
INDIVIDUALS 3 x 99 years
from 25/12/1985
£150 Fixed increases in 2018
& 2051
(24/12/2084)
Total Commercial Area  
293.41 sq m
(3,159 sq ft)
    £12,150  

(1) The lease provides for a tenant option to determine on 27th January 2018.
(2) The lease provides for a tenant option to determine on 25th September 2018.
NB: The seller has served notices on the residential lessees under Section 5B of the landlord and Tenant Act 1987.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    49 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1,003 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
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Cameron Baloyi Rigby 0113 283 2500cameron.baloyirigby@walkermorris.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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