Lower Mill St 6,213 sq ft 100% Let Industrial Property Cheltenham GL51 8JN £280,000 (£45.07/sq ft) 5.71% Net Initial Yield

The property comprises a well-presented semi-detached industrial unit arranged over ground and first floors, currently fitted out and occupied as a gym under Class E use. Offered freehold at a guide price of £280,000 + VAT, the asset is income-producing with a passing rent of £16,000 per annum until the lease expiry in March 2026. The building, constructed in 2001 with a steel portal frame and part brick/steel-clad elevations, includes modern amenities such as electric roller shutter access, double glazing, WCs on both floors, and a first-floor kitchenette. Positioned in a prominent central Cheltenham location adjacent to Tesco and close to major retailers, the property provides an appealing investment or future owner-occupation opportunity.