Commercial property for sale in High Street, Tewkesbury, Gloucestershire GL20, £325,000

325,000.00

Offer Nr.:
65866929
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Fisher German LLP
Phone(s):
01905 946900

* 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.
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
Retail investment opportunity - retail premises in Tewkesbury

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)