40 Market Place Cirencester Gloucestershire GL7 2NW

40 Market Place
Cirencester
Gloucestershire
GL7 2NW

Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Historic market town centre
Nearby occupiers include House of Fraser, Barclays, NatWest and Cheltenham & Gloucester
Six Week Completion Period Available

Lot
2
Auction
29th March 2012
Rent
£20,000 per Annum Exclusive
Status
Sold
Price
£320,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Sue Ryder

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Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Historic market town centre
Nearby occupiers include House of Fraser, Barclays, NatWest and Cheltenham & Gloucester
Six Week Completion Period Available

Lot 2
Auction 29th March 2012
Rent £20,000 per Annum Exclusive
Status Sold
Price £320,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Sue Ryder

Property Information

Location

Miles: 17 miles north-west of Swindon, 29 miles south-east of Gloucester, 36 miles north-east of Bristol
Roads: M4, M5
Rail: Kemble Rail
Air: Bristol International Airport

Situation

Cirencester is an affluent historic market town, well situated between the M4 and M5, popular with tourists and home to the Royal Agricultural College. The property is situated on the south side of Market Place with nearby occupiers including House of
Fraser, Barclays, NatWest and Cheltenham & Gloucester.

Tenure

Freehold.

Location

Miles: 17 miles north-west of Swindon, 29 miles south-east of Gloucester, 36 miles north-east of Bristol
Roads: M4, M5
Rail: Kemble Rail
Air: Bristol International Airport

Situation

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the ground floor with ancillary accommodation on the first, second and third floors.

Six Week Completion Period Available

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises retail and ancillary accommodation on the ground floor with ancillary accommodation on the first, second and third floors.

Six Week Completion Period Available

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second Third	Gross Frontage Net Frontage Retail Ancillary Ancillary Ancillary Ancillary	5.28 m 4.34 m 33.54 sq m 7.25 sq m 25.18 sq m 23.97 sq m 9.94 sq m	(17’ 4”) (14’ 3”) (361 sq ft) (78 sq ft) (271 sq ft) (258 sq ft) (107 sq ft)	SUE RYDER	10 years from completion until 2022 on a full repairing and insuring lease	£20,000	2017
Totals		99.88 sq m	(1,075 sq ft)			£20,000

(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 8000 volunteers and is supported through fundraising and retail activities via 350+ outlets nationwide (Source: www.sueryder.org). For the year ending 31st March 2011, Sue Ryder reported a working capital of £12,560,000, pre-tax profit of £2,153,000 and a total net worth of £45,059,000 (Source: www.riskdisk.com 24/02/2012).