53 St Georges Pl 2,941 sq ft Retail Property Cheltenham GL50 3EL £450,000 (£153.01/sq ft)

Located in the heart of Cheltenham in the county of Gloucestershire, 10.0 miles (16.0 kilometres) north east of Gloucester and 41.0 miles (66.0 kilometres) south of Birmingham. The St Georges Vaults is situated fronting St. Georges Place in a mixed-use area, which is a short distance from High Street where operators such as The Royal Oak, The Montpellier Café The Crown Inn, and The White Hart are located.
Freehold Public House Investment The property comprises the basement, ground, first and second floors of a three storey mid-terrace building with painted rendered elevations beneath a pitched roof.
Freehold public house investment Entire property let to Tokenmark Limited Property arranged over four levels Site extending to 0.05 acres Current rent of £34,572 per annum Lease expires October 2032 The rent is subject to annual RPI increases with a collar of 2% and a cap of 4% (except in the open market review year) We are instructed to invite offers in excess of £450,000 (7.35% NIY) Business unaffected by sale Basement: The basement provides cellar and stores. Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 41 customers. Ancillary areas include customer WC's and stores. First Floor: The first floor provides the managers accommodation which comprises a bathroom, kitchen and living room. Second Floor: The second floor provides additional managers accommodation comprising three bedrooms. Externally: There is an enclosed customer area to the rear with seating on loose tables, chairs and benches for 57 customers.
The property is not listed but is situated within the Central (Cheltenham) Conservation Area.
The fixtures and fittings are currently owned by the occupational tenant.