85 High Street Cheltenham Gloucestershire GL50 1DU

85 High Street
Cheltenham
Gloucestershire
GL50 1DU

Town Centre Retail Investment

  • Let to Done Brothers (Cash Betting) Limited (t/a Betfred)
  • Affluent and Historic Cotswold Town
  • Prominent position on pedestrianised High Street
  • Nearby occupiers include Next, New Look, Argos, Superdrug, Iceland, Poundworld and Sports Direct
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    32
  • Auction
    8th December 2016
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Real Estate Investment Trust
Important Update
  • Expand
  • Photos
  • Map

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

Town Centre Retail Investment

  • Let to Done Brothers (Cash Betting) Limited (t/a Betfred)
  • Affluent and Historic Cotswold Town
  • Prominent position on pedestrianised High Street
  • Nearby occupiers include Next, New Look, Argos, Superdrug, Iceland, Poundworld and Sports Direct
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 32
  • Auction 8th December 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Real Estate Investment Trust

Property Information

Location
Miles
9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads
A40, M5 (Junction 11)
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham International Airport
Situation

Cheltenham is an affluent and attractive Cotswold town situated 9 miles north-east of Gloucester. The property is prominently situated on the east side of the pedestrianised High Street adjacent to Iceland. Other nearby occupiers include Next, New Look, Argos, Superdrug, Poundworld and Sports Direct.

Tenure

Virtual Freehold. Held for a term of 999 years from 17th May 2005 at a peppercorn rent.

Location
Miles
9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads
A40, M5 (Junction 11)
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham International Airport
Situation

Cheltenham is an affluent and attractive Cotswold town situated 9 miles north-east of Gloucester. The property is prominently situated on the east side of the pedestrianised High Street adjacent to Iceland. Other nearby occupiers include Next, New Look, Argos, Superdrug, Poundworld and Sports Direct.

Tenure

Virtual Freehold. Held for a term of 999 years from 17th May 2005 at a peppercorn rent.

Description

The property comprises a ground floor betting shop with basement ancillary accommodation, which forms part of a larger building.

VAT

VAT is not 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

The property comprises a ground floor betting shop with basement ancillary accommodation, which forms part of a larger building.

VAT

VAT is not 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. Reversion
Ground
Basement
Retail/Ancillary
Ancillary
72.70 sq m
14.90 sq m
(783 sq ft)
(160 sq ft)
DONE BROTHERS
(CASH BETTING) LIMITED
(1) (t/a Betfred)
15 years from
02/08/2005
£42,000 01/08/2020
Totals  
87.60 sq m
(943 sq ft)
    £42,000  

(1) For the year ending 27th September 2015, Done Brothers (Cash Betting) Limited reported a turnover of £288,012,000, pre-tax profits of £7,489,000 and a total net worth of £117,912,000 (Source: Experian Group 09/11/2016).

Property Documents

  • Site Plan
    Updated Date
    16.11.16
    File Size
    85 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    568 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
Gateley LLP Park View House , 58 The Ropewalk
Nottingham
NG1 5DW
Adam Youatt 0115 983 8260adam.youatt@gateleyplc.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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