85 High Street Cheltenham Gloucestershire GL50 1DU

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
24th September 2021
Rent
£25,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

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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 24th September 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

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

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.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent 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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.