Plot E Mill Place Trading Estate
Gloucester
GL1 5SQ

Freehold Ground Rent Investment

  • 7 yearly (open market) rent reviews
  • 1.5 miles south of Gloucester city centre
  • Lot
    58
  • Auction
    11/Jul/2018
  • Rent
    £3,600 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    Ground Rent
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of The Canal & River Trust
Important Property Update
  • Plot E Mill Place Trading Estate<br>Gloucester<br>GL1 5SQ
  • Expand
  • Photos
  • Map

Property Information

Location
Miles
9 miles west of Cheltenham, 20 miles north-west of Cirencester, 37 miles north of Bristol
Roads
A38, A40, M5 (Junction 11a)
Rail
Gloucester Railway Station
Air
Bristol Airport
Situation

The property is situated in an established commercial area just off Bristol Road, approximately 1.5 miles south of Gloucester city centre. The property is positioned on the east bank of the Gloucester and Sharpness Canal.

Tenure

Freehold.

Description

Plot E comprises a broadly level and regular parcel of land currently being used for storage.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

LotAddressUseSite AreaTenantTermRent p.a.xReviews/
(Reversion)
58Plot E Storage
0.257 Acres
(0.1 Hectares)
PERMALI
GLOUCESTER LTD
on assignment from
Permali Limited (1)
77.75 years
from
25/03/1977
£4,75025/03/2019
and 7 yearly
(24/12/2054)

(1) Permali Gloucester Limited was incorporated in 1998 and is ultimately owned by 3i Group Plc. For the year ending 31st May 2017, Permali Gloucester Limited reported a turnover of £7,139,020, pre-tax profits of negative -£970,497 and a total net worth of £4,905,557.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    2 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Brunton Knowles
Robert Smith 01482 880 143robert.smith@brutonknowles.co.uk
Seller's Solicitors
Ward Hadaway Solicitors 5 Wellington Place
Leeds
LS1 4AP
Jonathan Dickson 0113 205 6672jonathan.dickson@wardhadaway.com  Alicia Vickers 0113 205 6603alicia.vickers@wardhadaway.com

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