31-33 Northgate Street Gloucester Gloucestershire GL1 2AN

31-33 Northgate Street
Gloucester
Gloucestershire
GL1 2AN

Prime Freehold Retail Investment in Historic City Centre

Entirely let to Dorsman Estates Company Ltd, guaranteed by Peacocks Stores Ltd
Prominent city centre location
Approximately 2,020 sq m (21,745 sq ft)
Nearby occupiers include Debenhams, Marks & Spencer, Vodafone and HSBC
Six week completion available

Lot
12
Auction
9th December 2010
Rent
£157,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Prime Freehold Retail Investment in Historic City Centre

Entirely let to Dorsman Estates Company Ltd, guaranteed by Peacocks Stores Ltd
Prominent city centre location
Approximately 2,020 sq m (21,745 sq ft)
Nearby occupiers include Debenhams, Marks & Spencer, Vodafone and HSBC
Six week completion available

Lot 12
Auction 9th December 2010
Rent £157,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

8 miles south-west of Cheltenham; 29 miles south of Worcester; 35 miles north-east of Bristol
Roads: M5 (Junction 11, 11A and 12), A430, A38
Rail: Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air: Bristol Airport

Situation

The property is prominently situated on the western side of Northgate Street, one of Gloucester's principal retail thoroughfares, directly opposite Debenhams. Other nearby occupiers include Marks & Spencer, Vodafone, HSBC and Toni & Guy.

Tenure

Freehold.

Location

8 miles south-west of Cheltenham; 29 miles south of Worcester; 35 miles north-east of Bristol
Roads: M5 (Junction 11, 11A and 12), A430, A38
Rail: Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a GROUND AND FIRST FLOOR RETAIL UNIT with ANCILLARY/STORAGE ACCOMMODATION on the second floor. The property benefits from an 8-person passenger lift, a double height frontage onto Northgate Street and access/loading to the rear via St John's Lane.

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	Review
Ground First Second	Retail Retail Ancillary	767.27 sq m 735.69 sq m 517.18 sq m	(8,259 sq ft) (7,919 sq ft) (5,567 sq ft)	DORSMAN ESTATES COMPANY LIMITED (1) (t/a Peacocks) guaranteed by PEACOCKS STORES LIMITED (2)	15 years from 27/01/2003 on a full repairing and insuring lease	£157,500	27/01/2013
Totals		2,020.14 sq m	(21,745 sq ft)			£157,500

(1) For the year ending 28th March 2009, Dorsman Estates Co Limited reported a turnover of £1,051,000, pre-tax profits of £3,002,000 and a total net worth of £13,691,000. (Source: www.riskdisk.com 09/11/2010)(2) For the year ending 28th March 2009, Peacocks Stores Limited reported a turnover of £489,266,000, pre-tax profits of £26,344,000 and a total net worth of £105,105,000. (Source: www.riskdisk.com 09/11/2010)