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58 Promenade 2,825 SF Retail Building Cheltenham GL50 1LY $2,700,603 CAD ($955.97 CAD/SF) 5.25% Cap Rate

Storefront Properties Gloucestershire Cheltenham 58 Promenade, Cheltenham GL50 1LY

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INVESTMENT HIGHLIGHTS

  • Two storey retail premises
  • Open plan space
  • Lots of natural light

EXECUTIVE SUMMARY

Seeking offers of £1,440,000 for our client’s interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.24%* or a reversionary yield of 6.55% after costs of 6.07%. *assuming no turnover top-up.

ATTACHMENTS

58_Promenade_Investment_Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,825 SF
Building Class
B
Year Built
1901
Price
$2,700,603 CAD
Price Per SF
$955.97 CAD
Cap Rate
5.25%
NOI
$141,905 CAD
Tenancy
Single
Building Height
3 Stories
Frontage
23’ on Promenade

AMENITIES

  • Bus Line
  • Storage Space
1 1

NEARBY MAJOR RETAILERS

SOHO Coffee Co.
Costa Coffee
Coffee #1
Pret a Manger
Starbucks
YMCA
Sainsbury's
Iceland
Natwest
Barclays
+44 1242 246095

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Abby McCaffrey
    Abby McCaffrey
  • Richard Knightley
    Richard Knightley
  • Laura Hatten
    Laura Hatten

  • Listing ID: 34640963

  • Date on Market: 2025-01-29

  • Last Updated:

  • Address: 58 Promenade, Cheltenham GL50 1LY

The Retail Property at 58 Promenade, Cheltenham, GL50 1LY is currently available for Sale. Contact KBW Chartered Surveyors for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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58 Promenade, Cheltenham for sale Primary Photo- Image 1 of 4
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58 Promenade, Cheltenham for sale Building Photo- Image 2 of 4
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58 Promenade, Cheltenham for sale Floor Plan- Image 3 of 4
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58 Promenade
+44 1242 246095 x

58 Promenade

Abby McCaffrey
+44 1242 246095

Richard Knightley
+44 1242 246092

Laura Hatten
+44 1242 246093

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