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Status Withdrawn Post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
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.
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
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).
