85 High Street
Cheltenham
Gloucestershire
GL50 1DU

Town Centre Retail Investment

  • Let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a new 5 year lease (subject to option)
  • Recently Renewed Lease at a re-based rent
  • Prominent position on pedestrianised High Street
  • Nearby occupiers include John Lewis, Iceland, Sainsbury's Local, Superdrug, Costa and Tesco Express
  • Affluent and Historic Cotswold Town
  • VAT-free Investment
  • Lot
    18
  • Auction
    24/Sep/2021
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Real Estate Investment Trust
  • 85 High Street, Cheltenham, Gloucestershire, GL50 1DU
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles north-east of Gloucester
40 miles north-east of Bristol
Roads
A40, M5 (Junction 11)
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham International Airport
Situation

Cheltenham is an affluent and attractive Cotswold town situated 9 miles north-east of Gloucester. The property is prominently situated on the east side of the pedestrianised High Street. Nearby occupiers include John Lewis, Iceland, Sainsbury's Local, Superdrug, Costa and Tesco Express

Tenure

Virtual Freehold. Held for a term of 999 years from 17th May 2005 at a peppercorn rent.

Description

The property comprises a ground floor betting shop with basement ancillary accommodation, which forms part of a larger building.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
Ground
Basement
Retail
Ancillary
72.70 sq m
14.90 sq m
(783 sq ft)
(160 sq ft)
DONE BROTHERS
(CASH BETTING) LIMITED
(1)
t/a Betfred
5 years from
24/06/2021 until
23/06/2026 (2)
£25,000
Total
87.60 sq m
(943 sq ft)
  £25,000

(1) For the year ending 27th September 2020, Done Brothers (Cash Betting) Limited reported a turnover of £300,796,000, a pre-tax profit of £158,563,000 and shareholders funds of £157,295,000 (Source: NorthRow 31/08/2021).
(2) The lease provides for a tenant option to determine the lease on 24/06/2024.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    803 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    785 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Gateley Legal Park View House, 58 The Ropewalk
Nottingham
NG1 5DD
Tertia Werry 0115 983 8276tertia.werry@gateleyplc.com

Useful Links

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