Investment property for sale High Street, Tewkesbury, Gloucestershire, GL20 5BB
£325,000
- 2794 Sq Ft
Key Details
- Freehold
- Grade II Listed building in prime retail location
- FRI Lease to Savers Health and Beauty Limited for a term of 5 years
- Rental of £25,500 per annum
- Price £325,000 ex VAT, representing a Net Initial Yield of 7.6% after costs.
- Sale will be treated as a TOGC
- EPC rating C
The property is located in the historic riverside town of Tewkesbury in the county of Gloucestershire, situated 14 miles north of Gloucester and 16 miles south of Worcester.
Tewkesbury is accessible via road and benefits from proximity to motorway junctions, with junction 9 of the M5 situated 1.9 miles distant. The town is also served by direct train services to Worcester, Gloucester, Cheltenham and Birmingham, and indirect services to London Paddington.
The property is located on High Street in the heart of the town's retail centre. It is neighboured by established occupiers including Gregg's, Dominos, Coffee No 1, Peacocks, Mountain Warehouse, KFC, Boots, Lloyds Bank, WH Smith, Costa Coffee, as well as a number of independent retail and hospitality businesses.
The property comprises a four-storey Grade II Listed period building offering retail frontage to the ground floor, and vacant accommodation to the first, second and third floors.
