Commercial property for sale in Cheltenham

StrapLineAuction Sale - 08/04/2025 Prime Retail Investment Let to David Clulow Opticians and Fronting a High Footfall Pedestrianised Street Let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 Year Lease Expiring 19.04.2027 with No Breaks Investment Let at £52,500 per annum Description The property comprises a high yielding retail investment occupying a prime pitch in Central Cheltenham and let to David Clulow, a national chain of opticians. Arranged as a ground floor retail unit, the property is let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 year lease expiring 19.04.2027 with no breaks and paying £52,500 per annum. The property occupies a prime pitch fronting the partially pedestrianised High Street, the street comprises the principal retail amenity for Cheltenham and therefore benefits from high footfall and low vacancy. The area is characterised by other national retailers including Superdry, McDonalds, Primark, Caffe Nero and Marks & Spencer. Tenancy The property is let to Luxottica Retail UK Limited (t/a David Clulow) on a 10 year lease expiring 19.04.2027 with no breaks and paying £52,500 per annum. The lease is on full repairing and insuring terms. Luxottica Retail UK Limited (t/a David Clulow) D&B Rating - 5A2 Turnover (2023) - £168m Pre-Tax Profit (2023) - £7.4m Source: ICANS

Commercial property for sale in Cheltenham, England

Commercial property for sale

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