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 24th October 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
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.
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
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
Floor
Use
Gross Internal Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground
Reception/ 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).
