Retail investment property for sale in Cheltenham

This property is marketed by:
ASH Chartered Surveyors

Location

The property is situated fronting the southeastern side of Bath Road whilst there is pedestrian access to the rear provided via Hermitage Street. The Property is located within the popular shopping area of Bath Road  approximately ½ a mile south of Cheltenham town centre.  

Cheltenham Spa mainline railway station is located approximately 1¼ miles to the north-west.

Description

The property is a two-storey mid terraced building of rendered brick block construction with single glazed timber framed display window. Internally, the property is split to provide selfcontained retail premises at ground floor level and a one-bedroom flat on the first floor. The ground floor shop has been divided to provide an open plan retail sales area, with kitchen, WC facilities and further storage room to the rear. In general, the retail premises has tiled floor coverings, emulsion painted plaster walls and ceilings with integrated halogen / LED spot lighting within the ceilings. The premises also benefit from a wall mounted electric A/C heating and cooling system within the main retail sales area.

The water and electric utilities are connected to the premises. The first-floor flat accommodation is split to provide a living room at the front of the building with the bedroom situated directly behind it. The kitchen and bathroom are located to the rear of the flat close to the entrance door. 877 The flat has painted plaster walls and ceilings throughout with pendant lighting and is currently not heated however, hot water is provided via electric water heaters. There are separate water and electricity supplies from the retail premises. The flat has a mix of single and double-glazed windows.

Tenancies

The retail unit is let to Hudson Rose for a period of 6 years expiring 3rd August 2028 at a rent of £15,000 per annum on an internal repairing and insuring basis.

There is a tenant’s break clause 4th August 2025.

Copy of the lease is available on request from agent.

The first floor one bedroom flat is currently vacant.  

EPC

Ground Floor Retail has a rating of D-85. First Floor Flat has a rating of E-50. e lease is available on request from agent. The first floor one bedroom flat is currently vacant.