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
    24/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    Withdrawn Post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
Important Property Update
  • 31 - 32 High Street<br>Tewkesbury<br>Gloucestershire<br>GL20 5BB
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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.

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.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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
£100,00019/05/2019
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).

Property Documents

  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    3 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
SMART4 Limited
Philip Jemmett 020 7569 9901pjj@smart-4.co.uk
Seller's Solicitors
Paul Gubbey Solicitors 1st Floor 7 Praed Street
London
W2 1NJ
John Nuttall 0207 262 7821paul@pglegal.com

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