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28 Clarence St 2,171 sq ft 100% Let Retail Property Cheltenham GL50 3NX £790,000 (£363.89/sq ft)
Investment Highlights
- Cheltenham is a renowned Regency spa town on the edge of the Cotswolds
- The town has a vibrant retail and leisure sector and is renowned for its year-round events
- Clarence Street is located at the heart of the town in amongst various grand Regency buildings
Executive Summary
An excellent opportunity to acquire a Grade II listed building located in a prominent corner position within easy reach of the Promenade. The Property comprises five floors of accommodation recently occupied as a hair and beauty salon. The building is currently laid out to provide two separate ground floor retail units (28 and 27b), both have their own access, kitchens and WCs. The first floor provides overflow retail accommodation connected via stairs to unit 28, with the second and third floors providing residential accommodation via a separate street level access. The Property would be well suited to a retail/leisure business seeking to purchase their own accommodation, or an investor/developer keen to create a mixed-use investment in central Cheltenham. The Property benefits from period features, high ceilings (ground, first and second), private kitchens and WCs.
The agent has been instructed to seek unconditional offers for the sale of the freehold interest in the Property at offers over £790,000. We understand VAT will not be payable.
The agent has been instructed to seek unconditional offers for the sale of the freehold interest in the Property at offers over £790,000. We understand VAT will not be payable.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,171 sq ft
Costar Property Class
C
Year Built
1950
Price
£790,000
Price per sq ft
£363.89
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Plot ratio
1.66
Total Plot Size
0.03 ac
Frontage
Amenities
- Security System
- Storage Space
- Balcony
1 1
Nearby Major Retailers
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28 Clarence St
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