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11-19 Winchcombe HouseWinchcombe Street, Cheltenham
- New
- Sole agency
Key features
- High Yielding Retail Investment
- Retail Units and Upper Parts
- Let to Ladbrokes Betting and Gaming Limited
- Producing £75,000 per annum
- Currently Holding Over
- Heads of Terms Agreed for lease renewal
- Asset Management Potential
- High Footfall Location
- Guide Price Reflects 16% Gross Yield
High Yielding Retail Investment Opportunity Forming Part of a Popular Parade Let to Ladbrokes, Producing £75,000 per annum - Heads of Terms agreed new lease
About this property
The property comprises a high yielding retail investment opportunity let to the undoubted covenant of Ladbrokes in the heart of Cheltenham. Arranged as four conjoined retail units with associated upper parts, the ground and first floor is let to Ladbrokes Betting and Gaming Limited producing £75,000 per annum. The tenant is currently holding over as the lease expired 10/05/2024, however we understand that a new lease is in the process of being agreed. Winchcombe Street is one of the principal retail streets in Cheltenham, connecting to the pedestrianised High Street to the south and also well positioned to the rear of John Lewis, which anchors the High Street. The property therefore benefits from high footfall and is also located on one of the main pedestrian thoroughfares between the pedestrianised High Street and several car parks.
Additional information
- Ladbrokes Betting and Gaming Limited
- D&B Rating: 5A1
- Turnover (2022): £1.03bn
- Pre-Tax Profit (2022): £54.3bn
- Total Assets (2022): £2.56bn
- Employees: 13,974