6-8 Dyer Street Cirencester Gloucestershire GL7 2PF

6-8 Dyer Street
Cirencester
Gloucestershire
GL7 2PF

Virtual Freehold Retail Investment

Two shops let to Brook Taverner Limited and The Danish Wardrobe Company Limited
Brook Taverner lease expires December 2029 (3) - recent tenant break option not exercised
Danish Wardrobe lease expires December 2028 (no breaks)
Affluent Cotswold market town
Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Joules, Crew Clothing, Accessorize and Clarks

Lot
4
Auction
30th March 2023
Rent
£68,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

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Virtual Freehold Retail Investment

Two shops let to Brook Taverner Limited and The Danish Wardrobe Company Limited
Brook Taverner lease expires December 2029 (3) - recent tenant break option not exercised
Danish Wardrobe lease expires December 2028 (no breaks)
Affluent Cotswold market town
Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Joules, Crew Clothing, Accessorize and Clarks

Lot 4
Auction 30th March 2023
Rent £68,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

Property Information

Location

Miles: 17 miles north-west of Swindon, 29 miles south-east of Gloucester, 36 miles north-east of Bristol
Roads: A417, A419, A429, A433, M4(J15), M5 (J13)
Rail: Kemble Rail
Air: Bristol International Airport

Situation

Cirencester is an affluent, historic market town well situated between the M4 (J15) and M5 (J13). The property is located close to Market Place, Cirencester's primary retailing street which is open to popular, weekly farmers markets. Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Knight Frank, Savills, Joules, Crew Clothing, Accessorize and Clarks.

Tenure

Virtual Freehold. Held for a term of 999 years from 1st January 2006 at a peppercorn rent.

Location

Miles: 17 miles north-west of Swindon, 29 miles south-east of Gloucester, 36 miles north-east of Bristol
Roads: A417, A419, A429, A433, M4(J15), M5 (J13)
Rail: Kemble Rail
Air: Bristol International Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 1st January 2006 at a peppercorn rent.

Description

The property comprises two shops arranged on the ground floor only, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Description

The property comprises two shops arranged on the ground floor only, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
6 Dyer Street	Ground	Retail/Ancillary	143.90	(1,549)	BROOK TAVERNER LIMITED (2)	10 years from 06/12/2019 (3)	£37,000	06/12/2024
8 Dyer Street	Ground	Retail/Ancillary	88.40	(952)	THE DANISH WARDROBE COMPANY LIMITED (t/a Danish Wardrobe) (4)	10 years from 21/12/2018	£31,000	21/12/2023
Total			232.30	(2,501)			£68,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 31st December 2021, Brook Taverner Limited reported an annual turnover of £29,785,395, a pre-tax profit of £3,075,577 and a net worth of £8,506,609 (www.northrow.com). They trade from 10 shops in the UK, branches including Stratford-upon-Avon, Northallerton, Stamford, Bury St Edmunds and Windsor (www.brooktaverner.co.uk).
(3) The lease is subject to a tenant only option to determine on 06/12/2025. The tenant did not exercise their recent break option on 06/12/2022.
(4) The Danish Wardrobe Company Limited are a multi-branded retailer that offer a diverse range of womenswear. They have been trading in Cirencester since August 2006 and also trade from another branch in Leamington Spa (www.mydanishwardrobe.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.