- A Fully Let Freehold Investment Grade II listed commercial property with development potential, subject to obtaining the necessary consents.
- Historic riverside market town of Tewkesbury in Gloucestershire.
- Tenants include, Young Gloucestershire Limiteds who are a countywide charity that supports disadvantaged young people.
- For sale by public auction on 27th October.
LocationThe property occupies a prominent position along the main High Street in the historic riverside market town of Tewkesbury in Gloucestershire. Tewkesbury has a 12th Century Abbey and medieval streets boasting a good selection of speciality shops, antique shops, tea shops, inns and restaurants. The market town dates back to the 7th Century now with a population of over 10,000 people. Tewkesbury is north of Cheltenham (9 miles) and Gloucester (11 miles). The M5 Motorway junction 9 is 1.5 miles giving access to Birmingham (45 miles) and Bristol (48 miles). Ashchurch Parkway (Nearest train station connecting to Birmingham, Bristol and Cardiff) is approximately 2 miles from the subject property.
The property comprises a Grade II listed commercial property spread over four floors and also benefitting from basement storage.
AccommodationGround floor : Retail Shop
Three Upper Floors : Offices & Storage.
TenancyLet to Young Gloucestershire Limited for a term of 5 years from 10/06/2022, at a passing rent of £15,000 per annum. The initial rental figure is £7,500 per annum until 09/12/2022 when it increases to the headline rent of £15,000 per annum until the expiry on 09/06/2027. Young Gloucestershire Limited is a countywide charity that supports disadvantaged young people.
7, 8 & 9 Lunn Poly House, Leamington Spa, Warwickshire, CV32 5PP
Investment, Retail For Sale
Offers in the region of £545,000