Acquired
Gloucester – Pet Shop
11 Holmleigh Parade, Tuffley, Gloucester, Gloucestershire, GL4 0QUVirtual Freehold Retail Shop Investment
VAT Applicable
No
Investment Consideration
- Adjacent to Coral and being close to McColl’s and Lloyds Pharmacy, all serving the surrounding residential population
- Forming part of a mid terraced building comprising a Ground Floor Shop
- There is front lay-by parking and use of a rear service road for unloading
- Leasehold for a term of 999 years from 1st January 2006 at a fixed ground rent of £100 p.a.
VAT
VAT is not applicable.
Property Description
Forming part of a mid terraced building comprising a Ground Floor Shop. There is front lay-by parking and use of a rear service road for unloading.
Tenure:
Leasehold for a term of 999 years from 1st January 2006 at a fixed ground rent of £100 p.a.
Tenure:
Leasehold for a term of 999 years from 1st January 2006 at a fixed ground rent of £100 p.a.
Tenancy Description
The property is let on a full repairing and insuring lease to Anthony Burke t/a Creature Comforts (Pet Supplies) for a term of 20 years from 24th June 2005 at a current rent of £10,500 per annum exclusive. The next rent review is in 2020.
Tenancies & Accommodation
Location Description
Located in this well established retail parade, adjacent to Coral and being close to McColl’s and Lloyds Pharmacy, all serving the surrounding residential population. Tuffley lies approximately 3 miles south of the historic cathedral city of Gloucester with easy access to the M5 Motorway (Junction 11A).
