206 High St 1,310 - 7,027 SF Retail Units Offered at £275,000 - £500,000 Per Unit in Cheltenham GL50 3HF
INVESTMENT HIGHLIGHTS
- Development/Conversion Potential (subject to consents)
- Prime Retail Investment
- Retail Unit and Upper Parts
EXECUTIVE SUMMARY
The property comprises a high yielding retail investment occupying a prime pitch in Central Cheltenham and let to Burger King. Arranged across ground, first and second floors. The property is let to BKUK Devco Limited (t/a Burger King) on a 20 year lease expiring 25.10.2038 and paying £80,000 per annum.
PROPERTY FACTS
| Price | £275,000 - £500,000 |
| Unit Size | 1,310 - 7,027 SF |
| No. Units | 2 |
| Total Building Size | 11,774 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 3,924 SF |
| Year Built | 1975 |
| Lot Size | 0.18 AC |
2 UNITS AVAILABLE
Unit Unit 2 - Burgerking
| Unit Size | 7,027 SF |
| Price | £500,000 |
| Price Per SF | £71.15 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
DESCRIPTION
Arranged across ground, first and second floors. The property is let to BKUK Devco Limited (t/a Burger King) on a 20 year lease expiring 25.10.2038 and paying £80,000 per annum.
SALE NOTES
Lot 99 is available for sale at Savills' to be held on 8th April 2025.
The property comprises a freehold investment opportunity.
The asking price is £500,000, representing a gross initial yield of 16%.
Unit Unit 3 - David Clulo
| Unit Size | 1,310 SF |
| Price | £275,000 |
| Price Per SF | £209.92 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Sale Conditions | Auction Sale |
DESCRIPTION
The property comprises a high yielding retail investment occupying a prime pitch in Central Cheltenham and let to David Clulow, a national chain of opticians.
Arranged as a ground floor retail unit, the property is let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 year lease expiring 19.04.2027 with no breaks and paying £52,500 per annum.
SALE NOTES
Lot 100 is available for sale at Savills' to be held on 8th April 2025.
The property comprises an long leasehold investment opportunity for sale.
The asking price is £275,000, representing a gross initial yield of 19.1%.
AMENITIES
- Dedicated Turning Lane
- Security System
- Storage Space
NEARBY MAJOR RETAILERS
