This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
*For Sale By Online PublicAuction 21st May 2024 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Comprising of a Ground Floor Retail Unit and First and Second Floor Ancillary Space Subject to a Lease Producing £15,000 Per Annum. A New Lease has Been Verbally Agreed with the Tenant for 10 Years with No Breaks at a Rent of £20,000 Per Annum
Tenure
Freehold
Location
The property is situated within a commercial parade close to local shops and amenities. Nearby multiples include Ladbrokes, River Island and Halifax. The open spaces of Sanford Park are within easy reach. Transport links are provided by Cheltenham Spa rail station.
Description
The property comprises a ground floor retail unit and first and second floor ancillary space situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Ground Floor
Retail Unit
First Floor
Ancillary Space
Second Floor
Ancillary Space
Accommodation
Tenancy
The ground and first floor is subject to a lease for a term of 3 years at a rent of £15,000 per annum. A new lease has been agreed with the tenant for 10 years with no breaks at a rent of £20,000 per annum.
Note
EPC Rating
C
Open to View During Normal Business Hours
Addendum
We have been advised that the vendor has verbally agreed a new lease with the tenant for 10 years with no breaks at a rent of £18,000 per annum.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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