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    Key features

    • To be offered on Wednesday 29 May
    • High Yielding Retail Investment
    • Two Retail Units and Upper Parts
    • Let to a Single Tenant
    • Producing £31,500 per annum
    • Leases Expire 22/04/2028
    • Asset Management Potential
    • Guide Price Reflects 14% Gross Yield

    Description

    The property comprises a high yielding retail investment forming part of a popular local parade in the heart of Cheltenham.

    Arranged across ground and first floors as two adjacent units, the property is let on two separate leases to the same tenant. The leases are co-terminating on 22/04/2028 and produce a total aggregate rent of £31,500 per annum.

    The tenant is trading as a cafe and uses the ground floor as sales space, with the first floor being ancillary/amenity space.

    Winchcombe Street is one of the principal retail streets in Cheltenham, connecting to the pedestrianised High Street to the south and also well positioned to the rear of John Lewis, which anchors the High Street. The property therefore benefits from high footfall and is also located on one of the main pedestrian thoroughfares between the pedestrianised High Street and several car parks.

    Additional information

    Tenure

    Freehold

    Rent

    £31,500 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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