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1-3 BAYTREE COURT 1 Courtfield 1,252 sq ft 100% Let Retail Property Tetbury GL8 8LF £290,000 (£231.63/sq ft) 8.17% Net Initial Yield
Investment Highlights
- Fully let retail investment within desirable Cotswold market town.
- Reconfigured unit creating a modern deli, café and wine retail environment.
- Tenant has undertaken extensive refurbishment works.
Executive Summary
The property comprises a ground floor retail investment forming part of a well-appointed period building in the centre of Tetbury.
The accommodation has been sympathetically refurbished by the tenant, who has combined previously separate retail units to create a high-quality deli, café and wine shop, providing a strong trading environment.
The unit is arranged to provide a main retail/dining area, wine room, office and ancillary storage accommodation, and benefits from an attractive frontage in a prominent position.
The upper floors have been sold off on long leasehold interests, with contributions towards the upkeep and maintenance of the building.
The property occupies a prime position adjacent to one of the principal car parks serving Tetbury town centre, within a vibrant and well-established retail environment benefiting from boutique shops, cafes and restaurants.
The accommodation has been sympathetically refurbished by the tenant, who has combined previously separate retail units to create a high-quality deli, café and wine shop, providing a strong trading environment.
The unit is arranged to provide a main retail/dining area, wine room, office and ancillary storage accommodation, and benefits from an attractive frontage in a prominent position.
The upper floors have been sold off on long leasehold interests, with contributions towards the upkeep and maintenance of the building.
The property occupies a prime position adjacent to one of the principal car parks serving Tetbury town centre, within a vibrant and well-established retail environment benefiting from boutique shops, cafes and restaurants.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,252 sq ft
Costar Property Class
B
Year Built
1990
Price
£290,000
Price per sq ft
£231.63
Yield
8.17%
NOI
£23,693
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.16
Total Plot Size
0.18 ac
Parking
7 Spaces (5.59 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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1-3 BAYTREE COURT | 1 Courtfield
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