10-12 Promenade Promenade, Cheltenham, GL50 1LR

Use Class

Size

1,438 sq ft

Rent pa

£35,000

Price

£800,000

Market Sector

High Street Scheme

Key Features

Located in Cheltenham, one of the UK's wealthiest towns
5 year FRI lease from March 2018 to London Camera Exchange Ltd – 2A 1 covenant
Passing rent £55,000 per annum
Seeking offers in excess of £800,000 which equates to a net initial yield of 6.5%

Description

Retail Investment for Sale

The property comprises a regency building arranged as two ground floor shops with ancillary accommodation in the basement and on the two floors over.

The property is Grade II listed and forms part of the Cheltenham conservation area.

Location

The property is situated in a prime location just off the pedestrianised section of Promenade, close to the junction with the High Street.

The Brewery Quarter and the newly opened Urban Outfitters are a short walk from the property.

The property is immediately adjacent to TM Lewin and Keith Scarrott Shoes and close to Costa, The Coventry Building Society, Starbucks, Rymans, Boots and Primark.

Disclamier

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

Local Experts