58 - 61 High Street Stroud Gloucestershire GL5 1AS

58 - 61 High Street
Stroud
Gloucestershire
GL5 1AS

Freehold Retail Parade Investment

Comprises an attractive parade of three retail units
Let to tenants trading as Superdrug, Milletts and Cardzone
Prime pedestrianised retail location
Nearby occupiers include Costa, Greggs, Boots the Chemist and JD Wetherspoon
Prosperous and attractive Gloucestershire market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
19
Auction
7th July 2016
Rent
£99,750 per Annum Exclusive
Status
Sold
Price
£1,300,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Receivers Moorfields

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Freehold Retail Parade Investment

Comprises an attractive parade of three retail units
Let to tenants trading as Superdrug, Milletts and Cardzone
Prime pedestrianised retail location
Nearby occupiers include Costa, Greggs, Boots the Chemist and JD Wetherspoon
Prosperous and attractive Gloucestershire market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 19
Auction 7th July 2016
Rent £99,750 per Annum Exclusive
Status Sold
Price £1,300,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Receivers Moorfields

Property Information

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

The property is situated in a highly prominent position on the northern side of the pedestrianised High Street, close to its junction with Kendrick Street, in an excellent trading location. Nearby occupiers include Costa, Greggs, Boots the Chemist, JD Wetherspoon, Lloyds, NatWest and HSBC banks.

Tenure

Freehold.

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises an attractive unbroken parade of three retails units, providing ground floor retail and first floor ancillary accommodation. The second floors of each unit are accessed by a ladder and loft hatch only. The second floor of Unit 59 is not demised to Blacks Outdoor Retail Limited.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

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	Reviews/(Reversion)
58	Ground First Second	Retail/Ancillary Ancillary Ancillary	102.63 sq m 29.29 sq m Not measured	(1,105 sq ft) (315 sq ft) (Restricted access)	SPECIAL OCCASIONS (GREETINGS) LIMITED t/a CARDZONE	5 years from 18/07/2013	£20,000	(17/07/2018)
59	Ground First	Retail/Ancillary Ancillary	148.20 sq m 39.02 sq m	(1,595 sq ft) (420 sq ft)	BLACKS OUTDOOR RETAIL LIMITED (1) t/a MILLETS	10 years from 03/10/2014 (2)	£30,000	03/10/2019 (02/10/2024)
60-61	Ground First Second	Retail/Ancillary Ancillary Ancillary	266.55 sq m 82.26 sq m Not measured	(2,869 sq ft) (885 sq ft) (Restricted access)	SUPERDRUG STORES PLC (3)	5 years from 27/07/2012	£49,750	26/07/2017
Totals			667.95 sq m	(7,190 sq ft)			£99,750

1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 74 Blacks and 80 Millets stores in the UK. (Source: www.jdplc.com and www.millets.co.uk 27/05/2016)
(2) The lease is subject to a tenant option to determine on 3rd October 2019.
(3) For the year ending 27th December 2014, Superdrug Stores Plc reported a turnover of £1,058,047,000, pre-tax profits of £38,044,000 and a total net worth of £138,513,000 (Source: Experian Group 27/05/2016).