Property Auctions 25/May/2017 | 51 / 53 Bridge Street, Swindon, Wiltshire, SN1 1BL

Freehold Leisure Investment

Located on Swindon's Main Pedestrianised Leisure and Retail Pitch
Let to Moody Delivery Services Ltd (t/a Boston Brothers Bar) until December 2027 (no breaks)
Close to the Brunel Shopping Centre
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 40
Auction 25th May 2017
Rent £127,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Leisure
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint Fixed Charge Receivers CBRE

Property Information

Location

Miles: 15 miles south of Cirencester, 39 miles east of Bristol
Roads: A3102, M4
Rail: Swindon Rail (1 hour to Central London)
Air: Bristol Airport

Situation

The property occupies a prominent position on the pedestrianised Bridge Street, Swindon's main retailing and leisure pitch. The property is located within a short distance of both Swindon Railway Station and The Brunel Centre, which comprises over 100 occupiers anchored by Sainsbury’s, House of Fraser and Marks & Spencer. Other nearby occupiers include Wilko, Topshop, Caffè Nero and Halifax Bank.

Tenure

Freehold.

Location

Miles: 15 miles south of Cirencester, 39 miles east of Bristol
Roads: A3102, M4
Rail: Swindon Rail (1 hour to Central London)
Air: Bristol Airport

Situation

The property occupies a prominent position on the pedestrianised Bridge Street, Swindon's main retailing and leisure pitch. The property is located within a short distance of both Swindon Railway Station and The Brunel Centre, which comprises over 100 occupiers anchored by Sainsbury’s, House of Fraser and Marks & Spencer. Other nearby occupiers include Wilko, Topshop, Caffè Nero and Halifax Bank.

Tenure

Freehold.

Description

The property comprises a ground floor bar/restaurant and part first floor bar, with ancillary accommodation. The remainder of the first floor provides self-contained first floor staff accommodation accessed from the rear. The property also benefits from an external area to the rear providing customer seating.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge 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

The property comprises a ground floor bar/restaurant and part first floor bar, with ancillary accommodation. The remainder of the first floor provides self-contained first floor staff accommodation accessed from the rear. The property also benefits from an external area to the rear providing customer seating.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge 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.

Tenancy & Accommodation

Floor	Use	Floor Areas (approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First First	Bar/Restaurant Bar/Ancillary Residential	504.78 sq m 422.92 sq m -	(5,433 sq ft) (4,552 sq ft) (-)	MOODY DELIVERY SERVICES LIMITED t/a Boston Brothers Bar (1)	30 years from 05/12/1997 until 04/12/2027	£127,500	05/12/2017 and 05/12/2022
Total Approximate Commercial Area		927.70 sq m	(9,985 sq ft)			£127,500

(1) Boston Brothers is an individually styled bar offering food and drinks with late night weekend openings. Boston Brothers also trades from a venue in Hanley, Staffordshire (Source: www.bostonbrothersbars.com 20/04/2017) .