45 High Street Broadway, Cotswolds Worcestershire WR12 7DP

45 High Street
Broadway, Cotswolds
Worcestershire
WR12 7DP

Attractive Freehold Retail/Office Investment

Entirely let to Landmark (Broadway) Limited until 2025 (no breaks)
Historic and attractive location - popular with tourists
Substantial frontage onto busy High Street
VAT-free Investment

Lot
5
Auction
14th February 2018
Rent
£108,600 per Annum Exclusive
Status
Sold
Price
£1,790,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Attractive Freehold Retail/Office Investment

Entirely let to Landmark (Broadway) Limited until 2025 (no breaks)
Historic and attractive location - popular with tourists
Substantial frontage onto busy High Street
VAT-free Investment

Lot 5
Auction 14th February 2018
Rent £108,600 per Annum Exclusive
Status Sold
Price £1,790,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles north-east of Cheltenham; 21 miles south-east of Worcester
Roads: A44, A46, A429, M5, M40
Rail: Evesham Railway Station
Air: Birmingham International Airport

Situation

The attractive and historic Cotswold village of Broadway is often referred to as the ‘Jewel of the Cotswolds’ and is a popular tourist destination. The property occupies a prominent position in the heart of the retailing offer, on the south side of the picturesque High Street. Nearby occupiers include the renowned Lygon Arms Hotel, OKA, Hamptons International, Edinburgh Woollen Mill and a number of independent retailers.

Tenure

Freehold.

Location

Miles: 16 miles north-east of Cheltenham; 21 miles south-east of Worcester
Roads: A44, A46, A429, M5, M40
Rail: Evesham Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property, an attractive Grade II listed building, comprises ground floor retail accommodation with office and ancillary accommodation on the first, second and third floors. A small part of the first floor is sub-let to the adjoining tenant trading as RA Bennett & Partners. Additionally, the property benefits from a courtyard to the rear.

VAT

VAT is not 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

VAT

VAT is not 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 Second Third	Retail/Ancillary Office/Ancillary Office/Ancillary Ancillary	368.46 sq m 135.35 sq m 39.39 sq m 9.43 sq m	(3,966 sq ft) (1,457 sq ft) (424 sq ft) (102 sq ft)	LANDMARK BROADWAY LIMITED (1)	20 years from 18/07/2005 on a full repairing and insuring lease	£108,600	18/07/2020 (17/07/2025)
Total		552.63 sq m	(5,949 sq ft)			£108,600

(1) Established in the Cotswolds in 1997, Landmark are destination stores dedicated to country wear, walking and travel clothing. Landmark currently trade from three stores, two specialising in outdoor clothing in Broadway and Marlborough and an additional smaller store in Broadway specialising in a more casual and relaxed look (Source: www.landmarkstores.com). For the year ending 21st January 2017, Landmark (Broadway) Limited reported a total net worth of £839,832 (Source: Experian Group 11/01/2018).