Lot

85

G1, G2, G3 & G4 The Sun Mews, The Waterloo, Cirencester, GL7 2PZ

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Simon Bailey

simon.bailey@bidx1.com
+44 (0) 20 3929 8403

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BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Mehar Patel

mehar.patel@shoosmiths.co.uk
+ 44 (0) 3700 863 00

Description

Map

Viewings


Property Summary
  • Freehold retail investment
  • Two shops let, two shops vacant
  • Town centre location
  • Opportunities to enhance income
  • Current rent £12,326.05 per annum (annualised)
  • On the instructions of M D W Hardy and M Swiers of Sanderson Weatherall LLP acting as Joint LPA Receivers
Tenure

Freehold

Location

The market town of Cirencester is located on the River Chum, 20 miles south-east of Gloucester, 17 miles south-east of Cheltenham and 16 miles north-west of Swindon.

The property is situated in the heart of the town centre, on the east side of Waterloo Road, that also has pedestrian access from Market Place to the south.  Nearby occupiers along Market Place include TSB, Barclays and NatWest.

Description

The property comprises four adjoining ground floor retail units forming part of a larger three storey building of traditional stone construction.

Tenancy

Please refer to legal documents

Planning

Cotswold District Council (01285 623000) www.cotswold.gov.uk

VAT
Please refer to Legal Documents
Property Table
UnitAccommodationTenantTenancyCommencement DateRent £pa
G1

Sales 18.91 sq m (204 sq ft)

Ancillary 

Individual t/a Buzz BarbersTenancy at will (1) (2) (3)Refer to legal pack£7,825.60
G2Sales 35.96 sq m (387 sq ft)Vacant   
G3Sales 18.62 sq m (200 sq ft)Vacant   
G4Sales 8.04 sq m (86.60 sq ft)Individual t/a a taxi companyTenancy at will (1) (2) (3)Refer to legal pack

£4,500.45

First/second floorResidentialIndividualsThree 125 year leases (refer to legal pack)  
TOTAL    £12,326.05

(1) The rents have been annualised.
(2) The rent will accrue and fall due on a daily rate.
(3) There is a mutual option to break at any time without notice.

EPC

Refer to the legal pack

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount of £4,500 from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.