Five Residential Flats on Uppers let on ASTs (one offered with Vacant Possession)
High Street Location in Historic Town
Asset Management/Development Opportunities (subject to consents)
Lot 78
Auction 23rd October 2014
Rent £19,320 per Annum Exclusive
Status Withdrawn Post
Price
Sector Leisure
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instructions of a Major Fund Manager
Property Information
Location
Miles
10 miles north of Cheltenham 13.6 miles north of Gloucester
Roads
A46, A438, M5 (Junction 9)
Rail
Ashchurch for Tewkesbury Rail
Air
Birmingham International Airport
Situation
The property is a Grade II Listed building situated in Tewkesbury town centre on the western side of the High Street, close to its junction with Mythe Road (A38) and just north of the main retailing pitch. Nearby occupiers include Boots Chemist, Costa Coffee and Subway
Tenure
Freehold.
Location
Miles
10 miles north of Cheltenham 13.6 miles north of Gloucester
Roads
A46, A438, M5 (Junction 9)
Rail
Ashchurch for Tewkesbury Rail
Air
Birmingham International Airport
Situation
The property is a Grade II Listed building situated in Tewkesbury town centre on the western side of the High Street, close to its junction with Mythe Road (A38) and just north of the main retailing pitch. Nearby occupiers include Boots Chemist, Costa Coffee and Subway
Tenure
Freehold.
Description
The property comprises a bar/nightclub over ground, basement and first floors with five residential flats on the upper floors, accessed from High Street. There is a garden area to the rear that leads down to the River Avon.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a bar/nightclub over ground, basement and first floors with five residential flats on the upper floors, accessed from High Street. There is a garden area to the rear that leads down to the River Avon.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversions
66 High Street
Ground First Basement
Bar/Nightclub Bar/Nightclub -
464.50 sq m 158.90 sq m Not accessed
(5,000 sq ft) (1,710 sq ft) Not accessed
VACANT POSSESSION (1)
Flat 1
-
Residential
-
-
INDIVIDUAL
AST from 02/10/2009
£4,632
(2)
Flat 2
-
Residential
-
-
VACANT POSSESSION (3)
Flat 3
-
Residential
-
-
INDIVIDUAL
AST from 23/02/2011
£4,536
(2)
Flat 4
-
Residential
-
-
INDIVIDUAL
AST from 22/11/2012
£5,052
21/11/2014
Flat 5
-
Residential
-
-
INDIVIDUAL
AST from 09/10/2012
£5,100
(2)
Total Commercial Floor Area
623.40 sq m
(6,710 sq ft)
£19,320 with 6,710 sq ft and 1 residential flat offered with vacant possession
(1) Please note that due to the Grade II Listing, no empty rates are currently payable by the Landlord. (2)The tenants for flats 1, 3 and 5 are currently holding over. Their Assured Shorthold Tenancies are terminable at any time upon giving one month’s notice. (3)Flat 2 is currently in a shell condition.
