Let to Barley Pub Company Limited Guaranteed by Town & City Pub Group Company Limited until 2024 (no breaks)
Affluent and Historic Cotswold town
Pedestrianised position on High street
Residential redevelopment potential (subject to consents)
Nearby occupiers include Sainsbury’s Local, Iceland Food, Argos and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 74
Auction 13th October 2016
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,050,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads
M5, A40
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham Airport
Situation
Cheltenham is an affluent and attractive Cotswold town situated some 9 miles north-east of Gloucester. The property is situated in a strong trading position on the north side of pedestrianised High Street, close to its junction with Bath Road. Nearby occupiers include Sainsbury's Local, Iceland Food, Argos and Superdrug.
Tenure
Freehold.
Location
Miles
9 miles north-east of Gloucester, 40 miles north-east of Bristol, 48 miles south of Birmingham
Roads
M5, A40
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham Airport
Situation
Cheltenham is an affluent and attractive Cotswold town situated some 9 miles north-east of Gloucester. The property is situated in a strong trading position on the north side of pedestrianised High Street, close to its junction with Bath Road. Nearby occupiers include Sainsbury's Local, Iceland Food, Argos and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor public house with ancillary accommodation on the first and second floors. The property benefits from a rear loading bay accessed from Highbury Lane. The property may also benefit from residential redevelopment potential (subject to consents).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor public house with ancillary accommodation on the first and second floors. The property benefits from a rear loading bay accessed from Highbury Lane. The property may also benefit from residential redevelopment potential (subject to consents).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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/ (Reversion)
Ground First
Public House Public House/Ancillary Ancillary
318.93 sq m 174.84 sq m 40.78 sq m
(3,433 sq ft) (1,882 sq ft) (439 sq ft)
BARLEY PUB COMPANY LIMITED GUARANTEED BY TOWN & CITY PUB GROUP LIMITED (1)
Approximately 23 years from 22/01/2001 on a full repairing and insuring lease (2)
£90,000
22/01/2021 (23/04/2024)
Totals
534.65 sq m
(5,755 sq ft)
£90,000
1) Barley Pub Company Limited are ultimately owned by Stonegate Pub Company Limited who operate over 660 pubs and bars nationwide (Source: www.stonegatepubs.com). (2) The tenant took an assignment of the original lease in favour of Whitbread plc from the administrators of Laurel Pub Company Limited however no Authorised Guarantee Agreement exists from Whitbread.
