Let to Enterprise Inns plc until 2046 (subject to option)
Close to Cheltenham College and University of Gloucestershire
Attractive corner building
Affluent residential area
5 yearly rent reviews
Six week completion available
Lot 30
Auction 9th December 2010
Rent £65,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Public House
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
9 miles north-east of Gloucester
25 miles south of Worcester
55 miles south of Birmingham
105 miles west of London
Roads
A40, M5, A435
Rail
Cheltenham Spa Rail
Air
Gloucestershire Airport
Situation
The property is situated on the east side of Montpellier Villas at the junction with Back Montpellier Villas, approximately 100 metres from Suffolk Road (A40), which is the main arterial route to London. The property is located in an affluent residential area in close proximity to Cheltenham College and the University of Gloucestershire.
Tenure
Freehold.
Location
9 miles north-east of Gloucester
25 miles south of Worcester
55 miles south of Birmingham
105 miles west of London
Roads
A40, M5, A435
Rail
Cheltenham Spa Rail
Air
Gloucestershire Airport
Situation
The property is situated on the east side of Montpellier Villas at the junction with Back Montpellier Villas, approximately 100 metres from Suffolk Road (A40), which is the main arterial route to London. The property is located in an affluent residential area in close proximity to Cheltenham College and the University of Gloucestershire.
Tenure
Freehold.
Description
The property is an attractive corner building comprising a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor. There is a CELLAR in the basement and a BEER GARDEN to the rear.
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 is an attractive corner building comprising a PUBLIC HOUSE on the ground floor and ANCILLARY ACCOMMODATION on the first floor. There is a CELLAR in the basement and a BEER GARDEN to the rear.
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
Reviews
Ground First
Public House Ancillary
252.00 sq m 252.00 sq m
(2,713 sq ft) (2,713 sq ft)
ENTERPRISE INNS PLC (1)
35 years from completion until 2046 on a full repairing and insuring lease (2)(3)
£65,000
2016 and 5 yearly
Totals
504.00 sq m
(5,426 sq ft)
£65,000
(1) For the year ended 30th September 2009, Enterprise Inns plc reported a turnover of £818,000,000, a pre-tax profit before exceptional items of £208,000,000 and net assets of £951,000,000. (Source: Company Website Year End Report)(2) The lease provides for a tenant’s option to determine the lease on the 25th anniversary of the term on giving at least six months’ written notice.(3) The property has been sub-let on a tied lease to Ashtop Limited.
