Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
Prime Long Let Modern City Centre Retail & Car Park Investment
- Prime freehold purpose built John Lewis store with over 19.6 years unexpired without breaks.
- Let to one of the UKs best known retailers, John Lewis Plc with an undoubted Experian score of 100.
- The store is situated within Cheltenham’s prime retail thoroughfare.
- Modern two level store, delivered through a comprehensive redevelopment of the former Beechwood Shopping Centre in 2017 with a BREEAM rating of Good and an EPC B rating.
- Site area of c.2.5 acres.
- Cheltenham is an attractive Regency Spa town in Gloucestershire, which nestles against the Cotswolds and boasts a large and affluent catchment.
- Voted Best Place to Live in the South West by The Sunday Times, with its education, culture and connectivity highlighted amongst its best attributes.
- The demise includes a five storey car park let to John Lewis Plc offering 345 spaces with direct access to JLP and Cheltenham town centre.
- Large basement void offering an immediate letting opportunity to increase the income yield.
- The property produces a current net income of £1,776,142 pa.
Tenure:
Freehold
Yield:
6.92% %
Price:
£24,000,000
Contact:
Philip Hay BSc (Hons) MRICS
phay@jacksoncriss.co.uk
020 7637 7100
Rhodri Jones
rjones@jacksoncriss.co.uk
020 7637 7100