Lot 41 details
6 Week completion
Located on the main A40 London Road at the corner of Keynsham Street within a local parade of shops including a Premier Express and serving the surrounding sought after residential area only ¼ mile from the town centre.
Cheltenham is an attractive Spa Town approximately 8 miles east of Gloucester and 42 miles north of Bristol, only 4 miles east of the M5 (J11) which links with the M4 to the South and the M42 to the North.
A two storey terraced property comprising a Ground Floor Betting Shop with a First Floor above having no access.
Ground Floor Shop
Gross Frontage 16'9”
Internal Width 14'11”
Shop Depth 11'7”
Built Depth 18'4”
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Arthur Prince (Turf Accountants) Limited (Guaranteed by Coral Racing Ltd - T/O for Y/E 26/9/15 £667.8m, Pre-Tax Profits £81.1m and Shareholders' Funds £409.98m - having approx. 1,600 branches) for a term of 15 years from 24th August 2011 at a current rent of £5,657 per annum exclusive.
Rent Review 2021 to the greater of OMV or 2.5% p.a. compounded. Therefore the minimum rent in 2021 will be £6,400.38 p.a.