Halfords Autocentre
16 Worcester Street
Gloucester
Gloucestershire
GL1 3AB

Freehold Motor Trade Investment

  • Let to Halfords Autocentres Limited
  • Let on a 5 year lease (renewal) from November 2018
  • Approximate site area 0.11 acres (0.04 hectares) with significant road frontage
  • Future redevelopment potential (subject to lease and consents)
  • VAT-free investment
  • In the same ownership for over 35 years
  • Lot
    29
  • Auction
    24/Oct/2019
  • Rent
    £19,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £310,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • Halfords Autocentre<br>16 Worcester Street<br>Gloucester<br>Gloucestershire<br>GL1 3AB
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south-west of Cheltenham
40 miles north-east of Bristol
Roads
A40, A417, M5
Rail
Gloucester
Air
Bristol
Situation

The property is located on the east side of Worcester Street in Gloucester city centre, close to the rail and bus stations and very close to Gloucester's main shopping facilities. Bruton Way, Gloucester's ring road, runs close by. Nearby occupiers in the vicinity include a large Sainsbury's and Wilko, as well as several independent retailers and office occupiers. The property is located opposite Park Street car park with space for over 100 cars. To the rear of property is a large United Living residential development comprising 95 one and two bedroom flats, which is due to complete imminently.

Tenure

Freehold.

Description

The property comprises a single storey workshop/garage on a site of approximately 0.11 acres (0.04 hectares). The property also benefits from a large open yard.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseGross Internal Floor Areas (Approx)TenantTermRent p.a.x
GroundReception/
Workshop/
Ancillary
Yard
251.77 sq m


132.33 sq m
(2,710 sq ft)


(1,424 sq ft)
HALFORDS
AUTOCENTRES
LIMITED (1)
5 years from 01/11/2018
until 31/10/2023 on a full
repairing and insuring lease
£19,500
Total Commercial Area 
384.10 sq m
(4,134 sq ft)
   Total Site Area
0.04 hectares
(0.11 acres)
  £19,500

(1) For the year ending 30th March 2018, Halfords Autocentres Limited reported a turnover of £157,871,000, pre-tax profits of £2,418,000 and a total net worth of £32,737,000 (Source: Experian 16/09/2019). Halfords has more than 300 Autocentres, and is one of the UK's leading operators in car repairs (Source: www.halfords.com 19/09/2019).

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    700 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Bowers Solicitors Unit 2 Technology Park, Colindeep Lane
London
NW9 6BX
Raymond Esdaile 0208 455 9881raymond@bowers-solicitors.com

Useful Links

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