Commercial property for sale in Cheltenham

StrapLineAuction Sale - 08/04/2025 Prime Retail Investment Fronting a Pedestrianised Street Let to Burger King 20 Year Lease Expiring 25.10.2038 (13 Years Unexpired) Including Substantial Upper Parts Investment Let at £80,000 per annum Description The property comprises a high yielding retail investment occupying a prime pitch in Central Cheltenham and let to Burger King. Arranged across ground, first and second floors. The property is let to BKUK Devco Limited (t/a Burger King) on a 20 year lease expiring 25.10.2038 and paying £80,000 per annum. The adjacent Unit 3 is sold off on a long leasehold basis. The leasehold interest is available in the same auction and can be found here. 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 BKUK Devco Limited (t/a Burger King) on a 20 year lease expiring 25.10.2038 and paying £80,000 per annum. The lease is on full repairing and insuring terms and includes rent reviews and tenants break options in years 10 & 15. Unit 3 is sold off on a long leasehold basis. The leasehold interest is available in the same auction and can be found here. BKUK Devco Limited (t/a Burger King) D&B Rating - 2A3 Turnover (2023) - £112m Source: ICANS Planning Whilst there are no extant planning consents, the property includes extensive upper parts. Whilst these are currently let to the existing tenant, there may be an opportunity to obtain vacant possession and convert to alternative uses, including residential (subject to the existing leases and any requisite consents).

Commercial property for sale in Cheltenham, England

Commercial property for sale

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