Savills | 10-14 Promenade, Promenade, Cheltenham, GL50 1LR | Property for sale
1,589 sq ft(147 sq m)
£800,000
The current income is £55,000 pa.

10-14 PromenadePromenade, Cheltenham, GL50 1LR

  • Freehold
Retail
1,589 sq ft (147 sq m)

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

    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

Areasq ftsq m
10/12 Promenade - Ground Floor Sales38836
10/12 Promenade - Ground Floor ITZA35032.5
10/12 Promenade - Basement Ancillary 45141.9
10/12 Promenade - First Floor Ancillary 29327.2
10/12 Promenade - Second Floor Ancillary30628.4
14 Promenade - Ground Floor Sales787.25
14 Promenade - Basement Ancillary1009.29