Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment occupying a prime pitch in Central Cheltenham and let to David Clulow, a national chain of opticians.
Arranged as a ground floor retail unit with a small office area to the first floor, the property is let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 year lease expiring 19.04.2027 with no breaks and paying £52,500 per annum.
The property occupies a prime pitch fronting the partially pedestrianised High Street, the street comprises the principal retail amenity for Cheltenham and therefore benefits from high footfall and low vacancy. The area is characterised by other national retailers including Superdry, McDonalds, Primark, Caffe Nero and Marks & Spencer.
Tenure
Leasehold - New 999 Year Lease at Peppercorn Rent (please consult the legal pack)
Tenancy
The property is let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 year lease expiring 19.04.2027 with no breaks and paying £52,500 per annum.
The lease is on full repairing and insuring terms.
Luxottica Retail UK Limited (t/a David Clulow)
Source: ICANS
Rent
Notes
Please note Savills have not inspected the property. Any plans, drawings and photographs are for indicative purposes only and are not to be relied upon. Please consult the Legal Pack.