No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

Retail property (high street)

Auction
Sold STC
Save
Retail property (high street)
0 bed
0 bath

Property description & features

  • Tenure: Freehold
Sold for £159,000.Guide Price = £100,000+

*For Sale By Online PublicAuction 21st May 2024 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*

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

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.

Description
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.

Accommodation
Ground Floor
Retail Unit

First Floor
Ancillary Space

Second Floor
Ancillary Space

Accommodation
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.

Note
EPC Rating
C

Open to View During Normal Business Hours

Addendum
We have been advised that the vendor has verbally agreed a new lease with the tenant for 10 years with no breaks at a rent of £18,000 per annum.

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.