Property for sale
Property description & features
- Freehold
- Grade II Listed building in prime retail location
- FRI Lease to Savers Health and Beauty Limited for a term of 5 years
- Rental of £25,500 per annum
- Price £325,000 ex VAT, representing a Net Initial Yield of 7.6% after costs.
- Sale will be treated as a TOGC
- EPC rating C
Tewkesbury is accessible via road and benefits from proximity to motorway junctions, with junction 9 of the M5 situated 1.9 miles distant. The town is also served by direct train services to Worcester, Gloucester, Cheltenham and Birmingham, and indirect services to London Paddington.
The property is located on High Street in the heart of the town's retail centre. It is neighboured by established occupiers including Gregg's, Dominos, Coffee No 1, Peacocks, Mountain Warehouse, KFC, Boots, Lloyds Bank, WH Smith, Costa Coffee, as well as a number of independent retail and hospitality businesses.
The property comprises a four-storey Grade II Listed period building offering retail frontage to the ground floor, and vacant accommodation to the first, second and third floors.
Freehold
Grade II Listed building in prime retail location
FRI Lease to Savers Health and Beauty Limited for a term of 5 years
Rental of £25,500 per annum
Price £325,000 ex VAT, representing a Net Initial Yield of 7.6% after costs.
Sale will be treated as a TOGC
EPC rating C
Retail investment opportunity - retail premises in Tewkesbury
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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
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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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