The High Orchard St Ann's Way Gloucester Gloucestershire GL2 5FZ
The High Orchard St Ann's Way Gloucester Gloucestershire GL2 5FZ
Freehold Long Let Substantial Public House Investment with RPI Linked Reviews
Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
5 yearly RPI linked rent reviews subject to 1% collar and 4% cap annually compounded
Rent rising to a minimum of £201,033 per annum from 2028 (1% collar compounded annually) and a maximum of £232,716 per annum (4% cap compounded annually)
Substantial Public House of approx. 751.00 sq. m. (8,083 sq. ft.)
Freehold Long Let Substantial Public House Investment with RPI Linked Reviews
Let to Marston's PLC until March 2053 (No Breaks) providing 29 years until lease expiry
5 yearly RPI linked rent reviews subject to 1% collar and 4% cap annually compounded
Rent rising to a minimum of £201,033 per annum from 2028 (1% collar compounded annually) and a maximum of £232,716 per annum (4% cap compounded annually)
Substantial Public House of approx. 751.00 sq. m. (8,083 sq. ft.)
Site area of approx. 1.06 Acres (0.43 Ha)
Prominent roadside position at busy junction
Affluent and popular Gloucestershire city
Lot 30
Auction 25th September 2024
Rent £191,276 per Annum Exclusive
Status Available
Guide* £1,400,000 - £1,500,000
Sector Public House
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
8 miles south-west of Cheltenham, 29 miles south of Worcester, 35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
Gloucester is the administrative centre of Gloucestershire with excellent road communications, being located at the intersection of the A40 and A438, providing a direct link to the M5 at Junctions 11, 11A and 12. The property is prominently located at the junction of St Ann Way and Llanthony Road/ Hempstead Lane (A430). The property is conveniently situated to provide for the local residential area and within close proximity to Spinnaker Park Industrial Estate, Servernside Trading Estate and Gloucestershire College.
Tenure
Freehold.
Location
Miles
8 miles south-west of Cheltenham, 29 miles south of Worcester, 35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
Gloucester is the administrative centre of Gloucestershire with excellent road communications, being located at the intersection of the A40 and A438, providing a direct link to the M5 at Junctions 11, 11A and 12. The property is prominently located at the junction of St Ann Way and Llanthony Road/ Hempstead Lane (A430). The property is conveniently situated to provide for the local residential area and within close proximity to Spinnaker Park Industrial Estate, Servernside Trading Estate and Gloucestershire College.
Tenure
Freehold.
Description
The property comprises a substantial two storey public house of approximately 751.00 sq. m. (8,083 sq. ft.) upon a site area of 1.06 Acres, benefitting from ample car parking.
VAT
VAT is applicable to this lot.
Note
Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.
Completion Period
Six week completion
EPC
Band B.
Description
The property comprises a substantial two storey public house of approximately 751.00 sq. m. (8,083 sq. ft.) upon a site area of 1.06 Acres, benefitting from ample car parking.
VAT
VAT is applicable to this lot.
Note
Marston's PLC have an option to purchase the Freehold for £1 upon expiry of their occupational lease, subject to certain conditions being satisfied. Please refer to the Option Agreement within the legal pack for full information.
Completion Period
Six week completion
EPC
Band B.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground/First
Public House
751.00
(8,083)
MARSTON'S PLC (1)
40 years from 28/03/2013 until 27/03/2053
£191,276
25/03/2028 and 5 yearly thereafter (2)
Total
751.00
(8,083) (3)
£191,276
(1) Marston’s is a leading UK operator having been part of the British pub landscape for over 180 years, now operating from over 1,400 pubs and employing 11,000 people (www.marstonspubs.co.uk). (2) The 5 yearly rent reviews are linked to RPI uplifts subject to a minimum of 1% and a maximum of 4%. The next review will rise to a minimum of £201,033 per annum in applying a 1.00% per annum compound and a maximum of £232,716 per annum in applying a 4% per annum compound. (3) The floor areas stated above are those provided by the EPC.
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.
