Pedestrianised Town Centre Freehold Retail Investment
Pedestrianised City Centre Location
Diagonally opposite TK Maxx & HSBC
Let to Telefonica UK limited
Comprises 5,069 sq ft
2020 Break NOT exercised
Lot 30
Auction 28th October 2020
Rent
Status Sold
Price £236,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles south-west of Cheltenham
29 miles south of Worcester
35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station
(London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is located in the heart of Gloucester City centre on the pedestrianised Northgate Street close to its junction with Eastgate & Westgate streets.
Eastgate & Kings Walk shopping centres and associated car parking are close by. Gloucester Cathedral is 250 metres to the north and Gloucester railway is 400 metres to the east. Nearby occupiers include Pandora, HSBC,
TK Maxx, Costa, McDonalds, B&M, Yorkshire Bank and Sports Direct.
Tenure
Freehold.
Location
Miles
8 miles south-west of Cheltenham
29 miles south of Worcester
35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station
(London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is located in the heart of Gloucester City centre on the pedestrianised Northgate Street close to its junction with Eastgate & Westgate streets.
Eastgate & Kings Walk shopping centres and associated car parking are close by. Gloucester Cathedral is 250 metres to the north and Gloucester railway is 400 metres to the east. Nearby occupiers include Pandora, HSBC,
TK Maxx, Costa, McDonalds, B&M, Yorkshire Bank and Sports Direct.
Tenure
Freehold.
Description
The property comprises a ground floor shop with 3 floors of ancillary accommodation above.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
Band D See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor shop with 3 floors of ancillary accommodation above.
5 years from 24/10/2017 on a full repairing and insuring lease (2)
£37,650
32/10/2022
Total
470.95 sq m
(5,069 sq ft)
£37,650
(1) For the year end 31/12/2019 Telefonica UK Limited reported a Turnover of £5,976,000,000 Pre-tax profits £765,000,000 and Shareholder Funds £2,649,000,000 (Source: SmartSearch 2/10/2020) O2 is a mobile network operator and the principal commercial brand of Telefnica UK Limited, which is part of the global telecommunications group Telefnica S.A. (Website www.o2.co.uk) (2) Tenants option to determine 23rd October 2020 NOT exercised.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.