57 High Street Stroud Gloucestershire GL5 1AS

57 High Street
Stroud
Gloucestershire
GL5 1AS

Freehold Retail Investment

Entirely let to Boots UK Limited
Prime pedestrianised retail location
Nearby occupiers include Costa, Greggs, Superdrug and JD Wetherspoon
Prosperous and attractive Gloucestershire market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
57
Auction
23rd March 2016
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£640,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Receivers CBRE

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Freehold Retail Investment

Entirely let to Boots UK Limited
Prime pedestrianised retail location
Nearby occupiers include Costa, Greggs, Superdrug and JD Wetherspoon
Prosperous and attractive Gloucestershire market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 57
Auction 23rd March 2016
Rent £50,000 per Annum Exclusive
Status Sold
Price £640,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Receivers CBRE

Property Information

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

The property is situated in a highly prominent position on the northern side of the pedestrianised High Street, close to its junction with Kendrick Street, in an excellent trading location. Nearby occupiers include Costa, Greggs, Superdrug, JD Wetherspoon, Lloyds, NatWest and HSBC bank.

Tenure

Freehold.

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a large ground floor retail unit with staff and storage accommodation arranged on first and second floors.

Six Week Completion

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.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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/Ancillary Ancillary/Storage Ancillary/Storage	389.25 sq m 309.82 sq m Not Measured	(4,190 sq ft) (3,335 sq ft)	BOOTS UK LIMITED (1)	5 years from 29/09/2013 on a full repairing and insuring lease	£50,000	28/09/2018
Totals		699.07 sq m	(7,525 sq ft)			£50,000

(1) For the year ending 31st March 2014, Boots UK Limited reported a turnover of £6,340,000,000, pre-tax profits of £507,000,000 and a total net worth of £456,000,000 (Source: Experian Group 22/02/2016).