152 High Street, Tewkesbury, Gloucestershire, GL20 5JP

Property details

Type Investment
Tenure Freehold – Subject to the existing tenancy.
Price £168,000+
Mail icon

Enquire about this property

Save property
Features
  • A Fully Let Freehold Investment Grade II listed commercial property with development potential, subject to obtaining the necessary consents.
  • £168,000.
  • 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.
Location
The 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.
Description

The property comprises a Grade II listed commercial property spread over four floors and also benefitting from basement storage.

Accommodation
Ground floor : Retail Shop
Three Upper Floors : Offices & Storage.
Tenancy
Let 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.
EPC
E