Investment.

Cheltenham.

20-22 Promenade, GL50 1LR

Map View

Status.

Sold on 01/02/2019

Price.

£1,565,000

Location.

The Regency Spa town of Cheltenham is a strong retail and tourist destination and regarded as the ‘Gateway to the Cotswolds’. The town is situated approximately 100 miles west of London, 40 miles north of Bristol and 9 miles east of Gloucester. Cheltenham serves an extensive primary catchment area and dominates the retail provision in the region.The town benefits from excellent transport links. By road,junctions 10 and 11 of the M5 motorway, lie circa 3.5 miles north west and west of the town centre, providing direct access to Birmingham, Bristol and the rest of the UK’s motorway network. By rail, Cheltenham Spa train station provides regular services to London Paddington, with a journey time of circa 2 hours. Regular services also operate to Bristol, Birmingham, Manchester, Newcastle and Glasgow.

Description.

The premises form two self-contained units arranged on ground, basement, first and second floors and housed within a period building. The property is Grade II listed and forms part of the Cheltenham Central Conservation Area.

Rent.

£92,000.00 per annum exclusive

Tenant(s).

Coventry Building Society

Tenure.

Freehold

Yield.

5.5% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

Aberdeen Standard

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team g&p is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson