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£4,475,000 (Subject to Contract and Exclusive VAT)
Cheltenham is an attractive spa town located in the south west of England, within the county of Gloucestershire. It lies on the edge of the Cotswolds, approximately 100 miles (160 kilometres) west of central London, 50 miles south of Birmingham and 52 miles north east of Bristol. The property is conveniently situated on the tree-lined prime Promenade in Cheltenham, a retail and leisure destination featuring an array of aspirational national multiples and upscale boutiques including Sweaty Betty, The White Company, Oliver Bonas, Hobbs and Reiss.
102-106 Promenade comprises a terrace of three Grade II listed buildings (previously houses) of ashlar over brick construction, built in the early to mid-1800s with the later addition of modernised ground floor shop frontages.
102-104 Promenade was previously two separate units which have been combined to create one retail shop. The ground floor is fitted out as a retail unit. There is ancillary space on the first floor and second floors which are vacant.
106 Promenade has accommodation over 4 floors. Part of the ground floor and mezzanine is fitted out as a convenience store. The rear comprises a separate ground floor and storage space, with the upper floors all currently vacant.
£310,000 per annum exclusive
Freehold
A net initial yield of 6.50%
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