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 24th September 2021
Rent
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
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.
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.
Description
The property comprises a ground floor betting shop with basement ancillary accommodation, which forms part of a larger building.
(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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.