Grosvenor Ter | Cheltenham GL52 2SA
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Grosvenor Ter
Cheltenham GL52 2SA
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Cheltenham is an affluent Regency spa town located in the south west of England
- Total income of £100,000 pax with a reversionary income of £210,000 pax upon letting the vacant unit
- Substantial 1.2 acre site in the heart of Cheltenham
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
67,612 SF
Building Class
C
Year Built
1975
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.95
Lot Size
1.63 AC
Parking
350 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
261’ on Grosvenor Place South
AMENITIES
- Storage Space
ABOUT GROSVENOR TER , CHELTENHAM, GLS GL52 2SA
The subject property is located on Grosvenor Terrace, adjacent to John Lewis and accessed off the High Street and Albion Street. The property provides two substantial retail units as well as a 350 space multi-storey car park. The property is held on a 125 year long leasehold from 24th June 1982, expiring 23rd June 2107 at a peppercorn rent from Cheltenham Borough Council (87.5 years unexpired).
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