Use Class E
1,589 sq ft
1,589 sq ft
Marketed by Savills UK & Ireland
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.
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.
Freehold - The entire property is let to the London Camera Exchange Ltd on a full repairing and insuring lease for a term of 5 years from 27 March 2018 at a rental of £55,000 per annum. 14 Promenade is sub let to Carron Mann Ltd t/a Silver Moon on an annual basis at a rental of £13,000 pa.
Accommodation details below:
|sq ft||sq m|
|10/12 Promenade - Ground Floor Sales||388||36|
|10/12 Promenade - Ground Floor ITZA||350||32.5|
|10/12 Promenade - Basement Ancillary||451||41.9|
|10/12 Promenade - First Floor Ancillary||293||27.2|
|10/12 Promenade - Second Floor Ancillary||306||28.4|
|14 Promenade - Ground Floor Sales||78||7.25|
|14 Promenade - Basement Ancillary||100||9.29|
The current income is £55,000 pa.
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.
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