61 High Street, Cheltenham, Gloucestershire
Size
1,830
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- High street retail
- Frontage
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Key features
- Gross Initial Yield: 8.77%
- Rental Income: £25,000 p.a.
- Comprises three-storey retail premises (Class E)
- VAT is NOT applicable to this property
- Benefits from strong public transport links, with several bus services operating along the High Street
- Occupiers nearby include Iceland, Betfred, Subway, Restaurants, Hair Salon and many more.
Description
Gross Initial Yield: 8.77%
Rental Income: £25,000 p.a.
VAT is NOT applicable to this property
Comprises three-storey retail premises (Class E)
Benefits from strong public transport links, with several bus services operating along the High Street
Occupiers nearby include Iceland, Betfred, Subway, Restaurants, Hair Salon and many more.
Property Description:
Comprises ground floor retail shop with ancillary accommodation at basement, first and second floor, providing the following accommodation and dimensions:
Ground Floor: 54 sq m (580 sq ft)
Open plan retail, storage, wc
First Floor: 46 sq m (500 sq ft)
Ancillary, storage
Second Floor: 46 sq m (500 sq ft)
Ancillary, storage
Basement: 23 sq m (250 sq ft)
Storage
Total GIA: 169 sq m (1,830 sq ft)
Tenancy:
The entire property is at present let to The Town The Cross Ltd (with personal guarantee) for a term of 10 Years from 2nd September 2026 at a current rent of £25,000 p.a. Rent review every 3 years linked to RPI. No breaks. Deposit held of £6,250. Tenant benefits from 5 months rent free period from lease start date. The vendor will top-up rent until 1st February 2027, so the buyer receives the equivalent to £25,000 p.a. from sale completion.
Location:
Cheltenham is an historic and attractive spa town located in the heart of the Cotswolds, located approximately 8 miles north-east of Gloucester, 21 miles south of Worcester and 38 miles north-west of Oxford. The M5 Motorway lies to the west of the town (accessed via Js 10 & 11) and the A40 provides links to Oxford and the M40. Cheltenham Spa Rail Station provides regular services to Bristol Temple Meads, Birmingham New Street, Cardiff and London Paddington. The property benefits from strong public transport links, with several bus services operating along the High Street and frequent rail services from Cheltenham Spa providing regional and national connectivity. Occupiers nearby include Iceland, Betfred, Subway, Restaurants, Hair Salon and many more.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
Together, we unlock potential.
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Disclaimer - Property reference 61highstsale. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BLUE ALPINE PARTNERS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.