45 High Street
Broadway, Cotswolds
Worcestershire
WR12 7DP

Attractive Freehold Retail/Office Investment

  • Entirely let to Landmark (Broadway) Limited until 2025 (no breaks)
  • Historic and attractive location - popular with tourists
  • Substantial frontage onto busy High Street
  • VAT-free Investment
  • Lot
    5
  • Auction
    14/Feb/2018
  • Rent
    £108,600 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,790,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 45 High Street<br>Broadway, Cotswolds<br>Worcestershire<br>WR12 7DP
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Property Information

Location
Miles
16 miles north-east of Cheltenham
21 miles south-east of Worcester
Roads
A44, A46, A429, M5, M40
Rail
Evesham Railway Station
Air
Birmingham International Airport
Situation

The attractive and historic Cotswold village of Broadway is often referred to as the ‘Jewel of the Cotswolds’ and is a popular tourist destination. The property occupies a prominent position in the heart of the retailing offer, on the south side of the picturesque High Street. Nearby occupiers include the renowned Lygon Arms Hotel, OKA, Hamptons International, Edinburgh Woollen Mill and a number of independent retailers.

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises ground floor retail accommodation with office and ancillary accommodation on the first, second and third floors. A small part of the first floor is sub-let to the adjoining tenant trading as RA Bennett & Partners. Additionally, the property benefits from a courtyard to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Second
Third
Retail/Ancillary
Office/Ancillary
Office/Ancillary
Ancillary
368.46 sq m
135.35 sq m
39.39 sq m
9.43 sq m
(3,966 sq ft)
(1,457 sq ft)
(424 sq ft)
(102 sq ft)
LANDMARK
BROADWAY
LIMITED (1)
20 years from
18/07/2005 on a full
repairing and
insuring lease
£108,60018/07/2020
(17/07/2025)
Total
552.63 sq m
(5,949 sq ft)
  £108,600 

(1) Established in the Cotswolds in 1997, Landmark are destination stores dedicated to country wear, walking and travel clothing. Landmark currently trade from three stores, two specialising in outdoor clothing in Broadway and Marlborough and an additional smaller store in Broadway specialising in a more casual and relaxed look (Source: www.landmarkstores.com). For the year ending 21st January 2017, Landmark (Broadway) Limited reported a total net worth of £839,832 (Source: Experian Group 11/01/2018).

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Clarke Willmott LLP Blackbrook Gate 1, Blackbrook Park Avenue
Taunton
TA1 2PG
Daniel Campbell 0345 209 1658daniel.campbell@clarkewillmott.com

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