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
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.
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
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.
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).
