214/216 High Street Cheltenham Gloucestershire GL50 3HF

214/216 High Street
Cheltenham
Gloucestershire
GL50 3HF

Freehold Restaurant and Residential Investment

Affluent pedestrianised town centre location
Ground and basement on a 25 year lease until 2033
Includes two residential flats let on a 125 year lease
Nearby occupiers include Tesco Metro, Shoe Zone, Nationwide, Primark and McDonald's
Established retail area in the centre of Cheltenham

Lot
17
Auction
7th April 2011
Rent
£55,200 per Annum Exclusive
Status
Sold
Price
£480,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
Six Week Completion Available

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Freehold Restaurant and Residential Investment

Affluent pedestrianised town centre location
Ground and basement on a 25 year lease until 2033
Includes two residential flats let on a 125 year lease
Nearby occupiers include Tesco Metro, Shoe Zone, Nationwide, Primark and McDonald's
Established retail area in the centre of Cheltenham

Lot 17
Auction 7th April 2011
Rent £55,200 per Annum Exclusive
Status Sold
Price £480,000
Sector
Restaurant
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
Six Week Completion Available

Property Information

Location

Miles: 45 miles south of Birmingham; 43 miles north-east of Bristol; 9 miles north-east of Gloucester
Roads: M5, A40, A435
Rail: Cheltenham Spa
Air: Bristol Airport

Situation

The property is situated in a prominent corner location on the western side of the pedestrianised High Street in Cheltenham's affluent town centre. Nearby occupiers include Tesco Metro, Shoe Zone, Nationwide, Primark and McDonald's.

Tenure

Freehold.

Location

Miles: 45 miles south of Birmingham; 43 miles north-east of Bristol; 9 miles north-east of Gloucester
Roads: M5, A40, A435
Rail: Cheltenham Spa
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with ancillary basement accommodation. In addition, there are two self-contained residential flats on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant with ancillary basement accommodation. In addition, there are two self-contained residential flats on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Gross Frontage Net Frontage Shop Depth Restaurant/Ancillary Ancillary	9.0 m 7.9 m 11.8 m 75.71 sq m 82.21 sq m	(29' 6") (25' 11") (38' 8") (815 sq ft) (885 sq ft)	MOHAMMED KHALIL CHOUDHRY (t/a Chicks Chicken & Pizza) (1)	25 years from 22/12/2008 until 22/12/2033 on a full repairing and insuring lease	£55,000	2013 and 5 yearly
First	Residential	Not Measured		INDIVIDUAL	125 years from completion from 29/09/2008	£100
Second & Third	Residential	Not Measured		INDIVIDUAL	125 years from completion from 29/09/2008	£100
Totals		157.92 sq m	(1,700 sq ft)			£55,200