Halfords Autocentre 16 Worcester Street Gloucester Gloucestershire GL1 3AB

Halfords Autocentre
16 Worcester Street
Gloucester
Gloucestershire
GL1 3AB

Freehold Motor Trade Investment

Let to Halfords Autocentres Limited
Let on a 5 year lease (renewal) from November 2018
Approximate site area 0.11 acres (0.04 hectares) with significant road frontage
Future redevelopment potential (subject to lease and consents)
VAT-free investment
In the same ownership for over 35 years

Lot
29
Auction
24th October 2019
Rent
£19,500 per Annum Exclusive
Status
Sold
Price
£310,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Motor Trade Investment

Let to Halfords Autocentres Limited
Let on a 5 year lease (renewal) from November 2018
Approximate site area 0.11 acres (0.04 hectares) with significant road frontage
Future redevelopment potential (subject to lease and consents)
VAT-free investment
In the same ownership for over 35 years

Lot 29
Auction 24th October 2019
Rent £19,500 per Annum Exclusive
Status Sold
Price £310,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 8 miles south-west of Cheltenham; 40 miles north-east of Bristol
Roads: A40, A417, M5
Rail: Gloucester
Air: Bristol

Situation

The property is located on the east side of Worcester Street in Gloucester city centre, close to the rail and bus stations and very close to Gloucester's main shopping facilities. Bruton Way, Gloucester's ring road, runs close by. Nearby occupiers in the vicinity include a large Sainsbury's and Wilko, as well as several independent retailers and office occupiers. The property is located opposite Park Street car park with space for over 100 cars. To the rear of property is a large United Living residential development comprising 95 one and two bedroom flats, which is due to complete imminently.

Tenure

Freehold.

Location

Miles: 8 miles south-west of Cheltenham; 40 miles north-east of Bristol
Roads: A40, A417, M5
Rail: Gloucester
Air: Bristol

Situation

Tenure

Freehold.

Description

The property comprises a single storey workshop/garage on a site of approximately 0.11 acres (0.04 hectares). The property also benefits from a large open yard.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

The property comprises a single storey workshop/garage on a site of approximately 0.11 acres (0.04 hectares). The property also benefits from a large open yard.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground	Reception/ Workshop/ Ancillary Yard	251.77 sq m 132.33 sq m	(2,710 sq ft) (1,424 sq ft)	HALFORDS AUTOCENTRES LIMITED (1)	5 years from 01/11/2018 until 31/10/2023 on a full repairing and insuring lease	£19,500
Total Commercial Area		384.10 sq m	(4,134 sq ft)
Total Site Area		0.04 hectares	(0.11 acres)			£19,500

(1) For the year ending 30th March 2018, Halfords Autocentres Limited reported a turnover of £157,871,000, pre-tax profits of £2,418,000 and a total net worth of £32,737,000 (Source: Experian 16/09/2019). Halfords has more than 300 Autocentres, and is one of the UK's leading operators in car repairs (Source: www.halfords.com 19/09/2019).