6 & 8 The Oxebode Gloucester Gloucestershire GL1 1RZ

6 & 8 The Oxebode
Gloucester
Gloucestershire
GL1 1RZ

Freehold Retail Investment

Let to Gloucestershire Media Ltd
City centre location
150m from the Kings Walk Shopping Centre
Directly opposite entrance to Debenhams
Nearby occupiers include Sports Direct.com, Cancer Research UK and Toni & Guy

Lot
42
Auction
9th July 2014
Rent
£27,500 per Annum Exclusive
Status
Sold
Price
£270,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

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Freehold Retail Investment

Let to Gloucestershire Media Ltd
City centre location
150m from the Kings Walk Shopping Centre
Directly opposite entrance to Debenhams
Nearby occupiers include Sports Direct.com, Cancer Research UK and Toni & Guy

Lot 42
Auction 9th July 2014
Rent £27,500 per Annum Exclusive
Status Sold
Price £270,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Major Bank

Property Information

Location

Miles: 9 miles west of Cheltenham, 20 miles north-west of Cirencester, 36 miles north of Bristol
Roads: A40, A38, M5
Rail: Gloucester Rail Station
Air: Gloucestershire Airport, Bristol Airport

Situation

The property is located on the south side of The Oxebode, in the heart of Gloucester city centre. The property benefits from being located directly opposite an entrance to Debenhams department store. Other occupiers nearby include Sports Direct.com, Cancer Research UK and Toni & Guy.

Tenure

Freehold. (2)

Location

Miles: 9 miles west of Cheltenham, 20 miles north-west of Cirencester, 36 miles north of Bristol
Roads: A40, A38, M5
Rail: Gloucester Rail Station
Air: Gloucestershire Airport, Bristol Airport

Situation

Tenure

Freehold. (2)

Description

The property comprises ground floor retail and office accommodation on the first and second floors.

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 ground floor retail and office accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

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	Reversion
Ground First Second	Retail Office Office	73.80 sq m 53.00 sq m 26.10 sq m	(794 sq ft) (570 sq ft) (281 sq ft)	GLOUCESTERSHIRE MEDIA LTD t/a The Citizen (1)	10 years from 28th March 2006 on a full repairing and insuring lease	£27,500	27th March 2016
Totals		152.90 sq m	(1,645 sq ft)			£27,500

(1) Gloucestershire Media Ltd is owned by one of the largest regional media netwroks in the UK with over 100 titles. (www.locadword.co.uk)
(2)There is a small non-essential leasehold area at the rear of the property used for storage and as an alternative access. The area is held from Gloucester City Council for a term from 02/03/2011 until 23/06/2030 at a current rent reserved of £100 per annum exclusive, reviewed every 5 years. The lease of this rear area provides for a mutual option to determine on the 10th anniversary.