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 54
Auction 13th July 2017
Rent £127,500 per Annum Exclusive
Status Sold Prior
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
Bar/Restaurant Bar/Ancillary & Residential (2)
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 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) . (2) The auctioneers were unable to gain access to the residential unit.
Contacts
Seller's Solicitors
TLT Solicitors One Redcliff Street Bristol BS1 6TP
