31 - 32 High Street Tewkesbury Gloucestershire GL20 5BB

31 - 32 High Street
Tewkesbury
Gloucestershire
GL20 5BB

Substantial Town Centre Retail Investment

Let to Poundland Limited until May 2024
Large store - approximately 15,090 sq ft
Dedicated car parking for 23 cars to the rear (with additional public car parking behind)
Other occupiers on High Street include Superdrug, Greggs and branches of Lloyds, HSBC and Barclays banks
Prominent position in popular and attractive Gloucestershire market town

Lot
34
Auction
24th May 2018
Rent
£100,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Substantial Town Centre Retail Investment

Let to Poundland Limited until May 2024
Large store - approximately 15,090 sq ft
Dedicated car parking for 23 cars to the rear (with additional public car parking behind)
Other occupiers on High Street include Superdrug, Greggs and branches of Lloyds, HSBC and Barclays banks
Prominent position in popular and attractive Gloucestershire market town

Lot 34
Auction 24th May 2018
Rent £100,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 10 miles north of Cheltenham, 13 miles north of Gloucester
Roads: A46, A438, M5 (Junction 9)
Rail: Ashchurch and Tewkesbury Railway Stations
Air: Birmingham International Airport

Situation

The property is situated on the western side of High Street, between its junctions with Quay Street and Smith's Lane. Bishops Walk Shopping Centre is less than 120m to the north, with retailers including Tesco Metro, Costa, Boots the Chemist and Lloyds Pharmacy represented. Other occupiers on High Street include Superdrug, Greggs and branches of Lloyds, HSBC and Barclays banks.

Tenure

Virtual Freehold. Held for a term of 999 years from 22nd May 2003 at a peppercorn rent.

Location

Miles: 10 miles north of Cheltenham, 13 miles north of Gloucester
Roads: A46, A438, M5 (Junction 9)
Rail: Ashchurch and Tewkesbury Railway Stations
Air: Birmingham International Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 22nd May 2003 at a peppercorn rent.

Description

The property comprises a large ground floor shop with ancillary accommodation on basement and first floors. The property benefits from dedicated car parking for 23 cars and additional public car parking to the rear.

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
Ground Basement First	Retail Ancillary Ancillary	970.00 sq m 324.20 sq m 107.70 sq m	(10,441 sq ft) (3,490 sq ft) (1,159 sq ft)	POUNDLAND LIMITED (1)	10 years from 19/05/2014 until 18/05/2024 on full repairing and insuring terms	£100,000	19/05/2019
Total		1,401.90 sq m	(15,090 sq ft)			£100,000

(1) For the year ending 27th March 2016, Poundland Limited reported a turnover of £1,214,818,000, pre-tax profits of £34,653,000 and a total net worth of £20,520,000 (Source: Experian Group 09/04/2018).