109-117 High Street, Cheltenham
Sector: Road • Location: Cheltenham, Gloucestershire, United Kingdom
Source: Financial Conduct Authority (FCA)
Mixed-use property comprising 7,700 sq. ft retail and 11,450 sq. ft office space in Cheltenham's pedestrianised town centre, adjacent to John Lewis. Refurbished in 2020 with EPC ratings of B. Leased to four occupiers including Tesco, Just Go Holidays and Barnardo's with average lease length of 12 years to expiry. Current annual rental income £0.4 million, increasing to £0.5 million by 2026. Purcha
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Description
Description | Mixed-use property comprising 7,700 sq. ft retail and 11,450 sq. ft office space in Cheltenham's pedestrianised town centre, adjacent to John Lewis. Refurbished in 2020 with EPC ratings of B. Leased to four occupiers including Tesco, Just Go Holidays and Barnardo's with average lease length of 12 years to expiry. Current annual rental income £0.4 million, increasing to £0.5 million by 2026. Purchase price £5.3 million reflecting a net initial yield of 7.2%, rising to 9.0% by 2026. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
More Details
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