24 Promenade 1,828 SF Vacant Retail Building Cheltenham GL50 1LR $1,018,897 ($557.38/SF)

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INVESTMENT HIGHLIGHTS

Good frontage
High levels of passing trade

Corner position

EXECUTIVE SUMMARY

The freehold interest of ground floor retail unit is available with price on application. The property is also available as part of a portfolio sale comprising of 9 properties with a combined income of £552,562 with opportunity to increase to £610,062 pa. The portfolio is available to purchase for £7,500,000.

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PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront Retail/Residential

Building Size

1,828 SF

Building Class

Year Built

1835

Price

$1,018,897

Price Per SF

$557.38

Percent Leased

Vacant

Building Height

3 Stories

Parking

1 Spaces (0.55 Spaces per 1,000 SF Leased)

Frontage

16’ on The Promenade

Dedicated Turn Lane

Storage Space

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

Ground
1,600 SF
Restaurant
-
Now

The property has rear loading facilities from County Court Road. The upper floors contain self-contained residential accommodation which is not included in the proposed new lease.