Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 second floor, accessed from High Street. The property benefits from a garden area to the rear that leads down to the River Avon.
Planning
Listed building consent was granted in 2011 for alterations to provide two
flats on the first floor and three flats on the second floor. For further
details please refer to Tewkesbury Borough Council Planning
(www.tewkesbury.gov.uk Ref: 10/00686/LBC). See Note 3 below.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 Georgina Roberts. Tel: +44 (0)20 7034 4863.
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 second floor, accessed from High Street. The property benefits from a garden area to the rear that leads down to the River Avon.
Planning
Listed building consent was granted in 2011 for alterations to provide two
flats on the first floor and three flats on the second floor. For further
details please refer to Tewkesbury Borough Council Planning
(www.tewkesbury.gov.uk Ref: 10/00686/LBC). See Note 3 below.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 Georgina Roberts. Tel: +44 (0)20 7034 4863.
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.
Reversion
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)
VACANT POSSESSION (1)
-
-
Flat 1
Second
Residential
-
INDIVIDUAL
AST from 02/12/2014
£4,536
(2)
Flat 2
Second
Residential
-
VACANT POSSESSION (3)
-
-
Flat 3
Second
Residential
-
VACANT POSSESSION
Flat 4
Second
Residential
-
INDIVIDUAL
AST from 23/04/2015
£5,160
(2)
Flat 5
Second
Residential
-
INDIVIDUAL
AST from 27/03/2015
£5,700
(2)
Total Commercial Floor Area
623.40 sq m
(6,710 sq ft)
£15,396 with 6,710 sq ft and 2 residential flats 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, 4 and 5 are currently holding over. Their Assured Shorthold Tenancies are terminable at any time upon giving one month’s notice. (3)Flat 2 was stripped of its fixtures and fittings in July 2013 with a view to converting Flat 2 and Flat 3 into a single unit as per the listed planning consent detailed above. Flat 2 is therefore in a shell condition.
