£295,000
(£293.82/sq. ft)
Retail premises for sale13 Bennington Street, Cheltenham GL50
1,004 sq. ft
EPC Rating: E
About this property
Two Car Parking Spaces
Apartment Recently Renovated
Central location
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 Bennington Street which leads off High Street and is in immediate proximity to 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.
The ground floor tenant is currently holding over at a monthly rent of £1,000 plus £40 per month for the use of the car parking space.
The residential flat is let on an Assured Shorthold Tenancy at £745 per calendar month.
Annual rental income is therefore £21,420.
Subject to Contract
Offers based on £295,000 are invited subject to the existing tenancy arrangements. This would show a purchaser an initial yield of 7.2%
The property is not elected for VAT.
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 Bennington Street which leads off High Street and is in immediate proximity to 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.
The ground floor tenant is currently holding over at a monthly rent of £1,000 plus £40 per month for the use of the car parking space.
The residential flat is let on an Assured Shorthold Tenancy at £745 per calendar month.
Annual rental income is therefore £21,420.
Subject to Contract
Offers based on £295,000 are invited subject to the existing tenancy arrangements. This would show a purchaser an initial yield of 7.2%
The property is not elected for VAT.
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