152 High Street, Tewkesbury, Gloucestershire, GL20 5JP
Grade II listed commercial property in Tewkesbury
Thursday 27th October 2022 @ 09:30AM
Please note that the EPC rating is E - Updated 14.10.2022 @12:49.
We are informed that the landlord holds a rent deposit deed of £3,750 from the current tenant - Updated 17.10.2022 @ 09:45.
A Fully Let Freehold Investment Grade II listed commercial property with development potential, subject to obtaining the necessary consents
Property DescriptionThe property comprises a Grade II listed commercial property spread over four floors and also benefitting from basement storage.
LocationThe property occupies a prominent position along the main High Street in the historic riverside market town of Tewkesbury in Gloucestershire. Tewkesbury has a 12th Century Abbey and medieval streets boasting a good selection of speciality shops, antique shops, tea shops, inns and restaurants. The market town dates back to the 7th Century now with a population of over 10,000 people. Tewkesbury is north of Cheltenham (9 miles) and Gloucester (11 miles). The M5 Motorway junction 9 is 1.5 miles giving access to Birmingham (45 miles) and Bristol (48 miles). Ashchurch Parkway (Nearest train station connecting to Birmingham, Bristol and Cardiff) is approximately 2 miles from the subject property.
AccommodationGround floor : Retail Shop
Three Upper Floors : Offices & Storage.
Energy Performance RatingE
TenureFreehold – Subject to the existing tenancy.
Tenancy DetailsLet to Young Gloucestershire Limited for a term of 5 years from 10/06/2022, at a passing rent of £15,000 per annum. The initial rental figure is £7,500 per annum until 09/12/2022 when it increases to the headline rent of £15,000 per annum until the expiry on 09/06/2027. Young Gloucestershire Limited is a countywide charity that supports disadvantaged young people.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsStrictly by appointment with the Auctioneers. See block viewing as follows:-
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.