*Guide | £70,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Commercial Investment Comprising of a Ground Floor Retail Unit and First and Second Floor Ancillary Space Subject to a Lease Producing £13,000 Per Annum
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first and second floor ancillary space.
Tenure
Freehold
Location
The property is situated within a commercial parade close to local shops and amenities. Nearby multiples include Ladbrokes, River Island and Halifax. The open spaces of Sanford Park are within easy reach. Transport links are provided by Cheltenham Spa rail station.
Accommodation
Ground Floor Retail Unit First Floor Ancillary Space Second Floor Ancillary Space
Tenancy
The property is subject to a lease for a term of 5 years commencing 3rd June 2021 at a rent of £13,000 per annum. We understand that a similar sized shop on the same parade is let for £20,000 per annum therefore there may be potential to increase the rent.
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
