Less than 100m from the major 100 unit Brunel Shopping Centre
Neighbouring occupiers include Topshop, Halifax Bank, Vodafone and River Island
Lot 59
Auction 18th October 2018
Rent
Status Sold
Price £626,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles south of Cirencester, 39 miles east of Bristol
Roads
M4, A3102
Rail
Swindon Rail (1 hour to Central London)
Air
Bristol Airport
Situation
The property occupies a prominent position on the west side of the pedestrianised Bridge Street, at its junction with Queens Street. The major 100 unit Brunel Shopping Centre, with occupiers including Beaverbrooks, Vision Express, McDonald’s, Sainsbury’s and Marks & Spencer, is located close by. Other nearby occupiers include Topshop, Halifax Bank, Vodafone and River Island.
Tenure
Freehold.
Location
Miles
15 miles south of Cirencester, 39 miles east of Bristol
Roads
M4, A3102
Rail
Swindon Rail (1 hour to Central London)
Air
Bristol Airport
Situation
The property occupies a prominent position on the west side of the pedestrianised Bridge Street, at its junction with Queens Street. The major 100 unit Brunel Shopping Centre, with occupiers including Beaverbrooks, Vision Express, McDonald’s, Sainsbury’s and Marks & Spencer, is located close by. Other nearby occupiers include Topshop, Halifax Bank, Vodafone and River Island.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation and benefits from a return frontage onto Queen Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation and benefits from a return frontage onto Queen Street.
VAT
VAT is applicable to this lot.
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
Reversion
Ground First
Retail Ancillary
175.30 sq m 164.90 sq m
(1,887 sq ft) (1,757 sq ft)
NERO HOLDINGS LIMITED (1)
15 years from 03/04/2007 on a full repairing and insuring lease
£66,500
02/04/2022
Total
340.20 sq m
(3,644 sq ft)
£66,500
(1) For the year ending 31st May 2017, Nero Holdings Limited reported a turnover of £264,897,000, pre-tax profits of £25,896,000 and a total net worth of £217,488,000 (Source: Experian Group 17/9/2018).