Sue Ryder 1-2 The Curfew Moreton in Marsh Gloucestershire GL56 0LE

Sue Ryder
1-2 The Curfew
Moreton in Marsh
Gloucestershire
GL56 0LE

Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Affluent Cotswold market town
Nearby occupiers include Tesco Express, Lloyds TSB and ASK Restaurant
Six Week Completion Period Available

Lot
1
Auction
18th October 2012
Rent
£25,000 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Affluent Cotswold market town
Nearby occupiers include Tesco Express, Lloyds TSB and ASK Restaurant
Six Week Completion Period Available

Lot 1
Auction 18th October 2012
Rent £25,000 per Annum Exclusive
Status Sold
Price £380,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 4.4 miles north of Stow-on-the-Wold, 20 miles west of Banbury, 23 miles north-east of Cheltenham,24 miles east of Teweksbury
Roads: A44, M5, M40
Rail: Moreton-in-Marsh
Air: London Heathrow Airport, Birmingham

Situation

Moreton-in-Marsh is an attractive Cotswold market town situated between Tewkesbury and Banbury, east of the M5 and west of the M40. The property is prominently situated on the eastern side of the High Street, close to its junction with Oxford Street with nearbyoccupiers including Tesco Express, Lloyds TSB and ASK Restaurant.

Tenure

Freehold.

Location

Miles: 4.4 miles north of Stow-on-the-Wold, 20 miles west of Banbury, 23 miles north-east of Cheltenham,24 miles east of Teweksbury
Roads: A44, M5, M40
Rail: Moreton-in-Marsh
Air: London Heathrow Airport, Birmingham

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on both the ground and first floors. The tenant also occupies the adjoining property at Unit 2, The Curfew, Oxford Street and has created an internal access between the two properties.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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	Retail Retail	49.42 sq m 40.88 sq m	(532 sq ft) (440 sq ft)	SUE RYDER (1)	10 years from completion until 29th November 2022 on a full repairing and insuring lease (2)	£25,000	2017
Totals		90.30 sq m	(972 sq ft)			£25,000

(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 8,000 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 networth of £45,059,000. (Source: www.riskdisk.com 24/02/2012)
(2)A new lease, for a term of slightly less than 10 years to be coterminous with the Sue Ryder lease on the adjoining property will be granted to Sue Ryder on completion of the sale.