58 Promenade - Storefront FOR SALE


Cheltenham, GLS GL50 1LY
$1,444,000 USD
58 Promenade, Cheltenham, GLS for Sale
$1,444,000 USD
Storefront - FOR SALE
1/3
null | 5.24% Cap Rate

58 Promenade
Cheltenham, GLS GL50 1LY


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,444,000 USD

PRICE/SF

$511 USD /SF

CAP RATE

5.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

GR360097,GR365112

ASK ABOUT THIS PROPERTY

Richard KnightleyKBW Chartered SurveyorsMore Info

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Richard KnightleyKBW Chartered SurveyorsMore Info

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