Savills | 10-14 Promenade, Promenade, Cheltenham, GL50 1LR | Property for sale
1,589 sq ft(147.62 sq m)
£800,000

10-14 PromenadePromenade, Cheltenham, GL50 1LR


    Key features

    • Located in Cheltenham, one of the UK's wealthiest towns
    • 5 year FRI lease from March 2018 to London Camera Exchange Ltd – 2A 1 covenant
    • Passing rent £55,000 per annum
    • Seeking offers in excess of £800,000 which equates to a net initial yield of 6.5%

    Retail Investment for Sale

    About this property

    • Description
      Description
      The property comprises a regency building arranged as two ground floor shops with ancillary accommodation in the basement and on the two floors over.

      The property is Grade II listed and forms part of the Cheltenham conservation area.

      Rates
      Zero payable until 1st April 2021 due to the Government Covid-19 tax break.

    Local information

    • The property is situated in a prime location just off the pedestrianised section of Promenade, close to the junction with the High Street.
    • The Brewery Quarter and the newly opened Urban Outfitters are a short walk from the property.
    • The property is immediately adjacent to TM Lewin and Keith Scarrott Shoes and close to Costa, The Coventry Building Society, Starbucks, Rymans, Boots and Primark.

    Available space

    Floor / UnitTypeSizeStatus
    Ground (1st0/1st2nd Promenade - Sales)Retail388 sq ftAvailable
    Ground (1st0/1st2nd Promenade - ITZA)Retail350 sq ftAvailable
    Basement (1st0/1st2nd Promenade - Ancillary)Retail451 sq ftAvailable
    1st (0/2nd Promenade - Ancillary)Retail293 sq ftAvailable
    1st (0/2nd Promenade - 2nd Ancillary)Retail306 sq ftAvailable
    Ground (1st4th Promenade - Sales)Retail78 sq ftAvailable
    Basement (1st4th Promenade - Ancillary)Retail100 sq ftAvailable