£595,000
(£856.12/sq. ft)
Retail premises for sale78-80 High Street, Cheltenham GL50
From 695 - 2,612 sq. ft
EPC Rating: D
About this property
Mixed Investment Opportunity
Vacant Retail Unit
Fully Occupied HMO Over Three Floors
The premises are located in the pedestrianised section of the High Street known as The Strand close to other traders including Sainsbury's Local, Bentleys, Iceland, BetFred and Subway. This is an established retail trading location with good footfall along the newly surfaced pedestrian walkway.
The premises comprise a self-contained vacant ground floor retail unit together with an 8 person HMO over first, second and third floors. Externally there is a small rear courtyard available for use by the commercial and residential occupiers.
Approximate Net Internal Floor Areas:
Retail Shop
Internal Width - 4.88 sq m Shop Depth - 17.20 m
Retailing Area - 65.56 sq m (695 sq ft)
Accessible WC and one further WC. Small tea point installed.
Residential Section
Ground Floor: Hallway with Stairs to First Floor, Landlords Storeroom, Living Room & Kitchen.
Second Floor: Four Letting Bedrooms, Bathroom with WC and wash basin, Separate Shower Room with wash basin & Utility Room.
Third Floor: Four Letting Bedrooms, Bathroom with WC and wash basin & Separate Shower Room with wash basin.
Each of the residential floors extend to 59.36 sq m (639 sq ft)
Mains electricity, water and drainage are connected to the ground floor. All mains services, including gas central heating, are connected to the upper floors).
The landlord is responsible for paying all utility costs for the HMO and provides internet connection and kitchen white goods.
The ground floor premises fall within Class E of the Town & Country Planning Use Classes Order which allows for retail or café use or for financial and professional services without further change of use being required. The upper floors have consent for use as a House in Multiple Occupation.
Subject to Contract
Current rents receivable amount to £44,940 per annum. See brochure for the current Tenancy Schedule.
Offers are invited for the freehold interest, subject to vacant possession of the ground floor and the existing tenancies of HMO, based on £595,000.
The premises are not elected for VAT.
The premises comprise a self-contained vacant ground floor retail unit together with an 8 person HMO over first, second and third floors. Externally there is a small rear courtyard available for use by the commercial and residential occupiers.
Approximate Net Internal Floor Areas:
Retail Shop
Internal Width - 4.88 sq m Shop Depth - 17.20 m
Retailing Area - 65.56 sq m (695 sq ft)
Accessible WC and one further WC. Small tea point installed.
Residential Section
Ground Floor: Hallway with Stairs to First Floor, Landlords Storeroom, Living Room & Kitchen.
Second Floor: Four Letting Bedrooms, Bathroom with WC and wash basin, Separate Shower Room with wash basin & Utility Room.
Third Floor: Four Letting Bedrooms, Bathroom with WC and wash basin & Separate Shower Room with wash basin.
Each of the residential floors extend to 59.36 sq m (639 sq ft)
Mains electricity, water and drainage are connected to the ground floor. All mains services, including gas central heating, are connected to the upper floors).
The landlord is responsible for paying all utility costs for the HMO and provides internet connection and kitchen white goods.
The ground floor premises fall within Class E of the Town & Country Planning Use Classes Order which allows for retail or café use or for financial and professional services without further change of use being required. The upper floors have consent for use as a House in Multiple Occupation.
Subject to Contract
Current rents receivable amount to £44,940 per annum. See brochure for the current Tenancy Schedule.
Offers are invited for the freehold interest, subject to vacant possession of the ground floor and the existing tenancies of HMO, based on £595,000.
The premises are not elected for VAT.
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Monthly repayment
£2,976 per month
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