Sold £159,000
- 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 £15,000 Per Annum. A New Lease has Been Verbally Agreed with the Tenant for 10 Years with No Breaks at a Rent of £20,000 Per Annum
The property comprises a ground floor retail unit and first and second floor ancillary space situated within a mid terrace building arranged over ground and two upper floors.
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 ground and first floor is subject to a lease for a term of 3 years at a rent of £15,000 per annum. A new lease has been agreed with the tenant for 10 years with no breaks at a rent of £20,000 per annum.
Energy Efficiency Rating (EPC)
Current Rating C
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.
