442-444 High Street, Cheltenham, GL50 3JA

This is now off the market
For sale £100,000 521 sq ft
4 months ago. Maggs And Allen
Full address
442-444 High Street, Cheltenham, GL50 3JA - Cheltenham
Contact details
Asking price
Contact the agent
Features
Restaurant, Telephone system
Size
521 sq ft

A fantastic freehold investment opportunity comprising two ground floor retail units which are both let on a Full Repairing and Insuring basis producing a combined rental income of £11,500 per annum. The property further benefits from an additional ground rent income of £100 from each of the 8 flats above, which have been sold off on a long leasehold basis (£800 per year in total). In addition, the freeholder has the benefit of managing and insuring the building.
A freehold investment opportunity comprising two ground floor shops (442 & 444 High Street) which are let producing £6,000 per annum and £5,500 per annum respectively, both on conventional Full Repairing and Insuring terms until April 2022 and August 2019. The 8 flats above are not included but produce a ground rent income of £100 per annum per flat.
The premises are located to the lower end of Cheltenham High Street, and are situated at the beginning of a main arterial route into the town centre and form part of Cheltenham's ring road, nearby retailers include Tesco.
Comprising a barber's shop with rear store room and WC.
Currently let on a Full Repairing and Insuring basis until August 2019 at a passing rent of £5,500 per annum.
The property benefits from a ground rent income of £100 from each of the 8 flats above which have been sold off on a long leasehold basis (total annual income of £800).

This commercial property for sale is located in Cheltenham

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National rail 1.4m Cheltenham Spa
Nearest airport 65.2m Birmingham

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