Investment.

Cheltenham.

Grosvenor Terrace, GL52 2SA

Map View

Status.

Available

Accommodation.

Ground Floor Sales 12,924 sq ft 1,201.12 sq m
Ground Floor Ancillary 4,683 sq ft 435.22 sq m
First Floor Ancillary 1,447 sq ft 134.48 sq m
Gym - Ground Floor 13,405 sq ft 1,245.82 sq m
Gym - First Floor 1,892 sq ft 175.84 sq m

Price.

£1,200,000 (Subject to Contract and Exclusive VAT)

Rates.

Rateable Value £193,000

Service Charge.

£6,105 reflecting £0.18 per sq. ft.

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.

Cheltenham is served by Gloucester Airport, which is just under 4 miles from the town centre.  Both Bristol and Birmingham airports are also accessible.

Description.

The subject property is located on Grosvenor Terrace, adjacent to John Lewis and accessed off the High Street and Albion Street.  The property provides two substantial retail units as well as a 350 space multi-storey car park.

Rent.

£110,000.00 per annum exclusive

Tenant(s).

Bannatyne Fitness Limited

Tenure.

Lease

Yield.

A purchase at this level would reflect a blended net initial yield of 7.9% and a reversionary yield of 16.5% upon letting the vacant retail store.

Share.

All viewings are strictly by prior appointment.

Ed Smith.

Partner | Investment

Mike Willoughby.

Partner | Agency

Contact.

What Our Clients Say.

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abrdn

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DTZ Investors

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