10 Cricklade Street Cirencester Gloucestershire GL7 1JH

10 Cricklade Street
Cirencester
Gloucestershire
GL7 1JH

High Yielding Leasehold Retail and Residential Investment

Comprises a betting office with separately let flat above
Shop trading as Betfred (Holding Over - New Lease Agreed) (2)
Self-contained three bed flat above let on an AST from May 2023
Affluent Cotswold market town
Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Joules, Crew Clothing, Accessorize and Clarks

Lot
29
Auction
2nd November 2023
Rent
Gross: £50,975 per Annum Exclusive
Net: £50,730
Status
Sold
Price
£266,000
Auction Venue
Live Streamed Auction

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High Yielding Leasehold Retail and Residential Investment

Comprises a betting office with separately let flat above
Shop trading as Betfred (Holding Over - New Lease Agreed) (2)
Self-contained three bed flat above let on an AST from May 2023
Affluent Cotswold market town
Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Joules, Crew Clothing, Accessorize and Clarks

Lot 29
Auction 2nd November 2023
Rent Gross: £50,975 per Annum Exclusive Net: £50,730
Status Sold
Price £266,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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 Train Station
Air: Bristol International Airport

Situation

The property is located on Crickdale Street, one of Cirencester's main retailing thoroughfares, close to its junction with Market Place. Nearby retailers include M&S Simply Food, Caffè Nero, WHSmith, Joules, Crew Clothing, Accessorize and Clarks.

Tenure

Leasehold. Held for a term commencing on 30/04/2012 and expiring on 24/03/2050 at a fixed ground rent of £245 p.a.

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 Train Station
Air: Bristol International Airport

Situation

Tenure

Leasehold. Held for a term commencing on 30/04/2012 and expiring on 24/03/2050 at a fixed ground rent of £245 p.a.

Description

The property comprises a betting office arranged on the ground floor with a separately accessed three bed flat arranged on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a betting office arranged on the ground floor with a separately accessed three bed flat arranged on the first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Betting Office/Ancillary	116.83	(1,258)	DONE BROTHERS (CASH BETTING) LIMITED (1)	5 years from 30/04/2012 (Holding Over) (2)	£42,500 (2)
First	Residential - 3 bed flat	95.53	(1,028)	TWO INDIVIDUALS	Held on an AST for a term of 1 year from 01/05/2023	£8,475
Total		212.36	(2,286)			£50,975 (2)

(1) For the year ending 25th September 2022, Done Brothers (Cash Betting) Limited reported an annual turnover of £418,840,000, a pre-tax profit of £40,464,000 and a net worth of £77,595,000 (www.northrow.com).
(2) The tenant is currently holding over on a lease that expired on 29/04/2022. A renewal of the existing lease has been agreed for a term of 5 years with no breaks at a new rent of £26,500 per annum.

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.