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58 Promenade 2,825 sq ft Retail Property Cheltenham GL50 1LY £1,440,000 (£509.73/sq ft) 5.25% Net Initial Yield
Investment Highlights
- Two storey retail premises
- Open plan space
- Lots of natural light
Executive Summary
Seeking offers of £1,440,000 for our client’s interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.24%* or a reversionary yield of 6.55% after costs of 6.07%. *assuming no turnover top-up.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
2,825 sq ft
Costar Property Class
B
Year Built
1901
Price
£1,440,000
Price per sq ft
£509.73
Yield
5.25%
NOI
£75,666
Tenancy
Single
Number of Floors
3
Frontage
23 ft on Promenade
Amenities
- Bus Route
- Storage Space
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
58 Promenade
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