£1,200,000
(£219.42/sq. ft)
Retail premises for sale220-222 High Street, Cheltenham GL50
5,469 sq. ft
About this property
Two retail units
Four flats
Recently externally decorated
Town centre opposite The Brewery Quarter
Total annual rent currently £90,940 per annum exclusive of VAT
Cheltenham is UK’s most complete Regency town and has established itself as a national centre for cyber and security. The Government Communications Headquarters (gchq) is located on the western side of town employing over 7,000 people with a new cyber park now underway to boost Cheltenham’s claim as “national centre for cyber security”.
Other significant employers include ucas, Ontic and ge Aviation whilst Superdry and Spirax Sarco both have their headquarters in the town.
Known as the “the home of National Hunt Racing”, Cheltenham features the Gold Cup meeting in March each year and hosts the internal literature festival (October), jazz (April/May) and music festivals (June) each year. The Cheltenham Ladies College, Pates Grammer School, Cheltenham College and Dean Close School offer excellent schooling.
The property is located in Cheltenham’s High Street close to McDonalds, Poundland and immediately opposite the Brewery Quarter which features traders including slg, Tesco Express, Urban Outfitters, Sostrene Green and has become Cheltenham’s “food and leisure quarter” including occupiers such as Nandos, Prezzo, Five Guys together with Cineworld, Hollywood Bowl and Premier Inn.
A tenancy schedule can be found by downloading the PDF brochure or by contacting John Ryde Commercial.
The residential flats currently produce £35,940 per annum with prospect of increase in respect of flat 2. The two shops generate a total income of £55,000 per annum plus contribution to landlords upkeep expenses and insurance. Total annual rent currently £90,940 per annum exclusive of VAT.
Subject to Contract
Offers based on £1.2 million to purchase the freehold interest, subject to the existing tenancies. This level produces a gross yield of 7.57%.
Other significant employers include ucas, Ontic and ge Aviation whilst Superdry and Spirax Sarco both have their headquarters in the town.
Known as the “the home of National Hunt Racing”, Cheltenham features the Gold Cup meeting in March each year and hosts the internal literature festival (October), jazz (April/May) and music festivals (June) each year. The Cheltenham Ladies College, Pates Grammer School, Cheltenham College and Dean Close School offer excellent schooling.
The property is located in Cheltenham’s High Street close to McDonalds, Poundland and immediately opposite the Brewery Quarter which features traders including slg, Tesco Express, Urban Outfitters, Sostrene Green and has become Cheltenham’s “food and leisure quarter” including occupiers such as Nandos, Prezzo, Five Guys together with Cineworld, Hollywood Bowl and Premier Inn.
A tenancy schedule can be found by downloading the PDF brochure or by contacting John Ryde Commercial.
The residential flats currently produce £35,940 per annum with prospect of increase in respect of flat 2. The two shops generate a total income of £55,000 per annum plus contribution to landlords upkeep expenses and insurance. Total annual rent currently £90,940 per annum exclusive of VAT.
Subject to Contract
Offers based on £1.2 million to purchase the freehold interest, subject to the existing tenancies. This level produces a gross yield of 7.57%.
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