73 - 75 High Street Cheltenham Gloucestershire GL50 1DU

73 - 75 High Street
Cheltenham
Gloucestershire
GL50 1DU

Freehold Public House Investment

Let to Barley Pub Company Limited Guaranteed by Town & City Pub Group Company Limited until 2024 (no breaks)
Affluent and Historic Cotswold town
Pedestrianised position on High street
Residential redevelopment potential (subject to consents)
Nearby occupiers include Sainsbury’s Local, Iceland Food, Argos and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
74
Auction
13th October 2016
Rent
£90,000 per Annum Exclusive
Status
Sold
Price
£1,050,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Public House Investment

Let to Barley Pub Company Limited Guaranteed by Town & City Pub Group Company Limited until 2024 (no breaks)
Affluent and Historic Cotswold town
Pedestrianised position on High street
Residential redevelopment potential (subject to consents)
Nearby occupiers include Sainsbury’s Local, Iceland Food, Argos and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 74
Auction 13th October 2016
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,050,000
Sector
Public House
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads: M5, A40
Rail: Cheltenham Spa Railway Station
Air: Bristol Airport, Birmingham Airport

Situation

Cheltenham is an affluent and attractive Cotswold town situated some 9 miles north-east of Gloucester. The property is situated in a strong trading position on the north side of pedestrianised High Street, close to its junction with Bath Road. Nearby occupiers include Sainsbury's Local, Iceland Food, Argos and Superdrug.

Tenure

Freehold.

Location

Miles: 9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads: M5, A40
Rail: Cheltenham Spa Railway Station
Air: Bristol Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor public house with ancillary accommodation on the first and second floors. The property benefits from a rear loading bay accessed from Highbury Lane. The property may also benefit from residential redevelopment potential (subject to consents).

VAT

VAT is 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

VAT

VAT is 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	Review/ (Reversion)
Ground First	Public House Public House/Ancillary Ancillary	318.93 sq m 174.84 sq m 40.78 sq m	(3,433 sq ft) (1,882 sq ft) (439 sq ft)	BARLEY PUB COMPANY LIMITED GUARANTEED BY TOWN & CITY PUB GROUP LIMITED (1)	Approximately 23 years from 22/01/2001 on a full repairing and insuring lease (2)	£90,000	22/01/2021 (23/04/2024)
Totals		534.65 sq m	(5,755 sq ft)			£90,000

1) Barley Pub Company Limited are ultimately owned by Stonegate Pub Company Limited who operate over 660 pubs and bars nationwide (Source: www.stonegatepubs.com).
(2) The tenant took an assignment of the original lease in favour of Whitbread plc from the administrators of Laurel Pub Company Limited however no Authorised Guarantee Agreement exists from Whitbread.