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Secure Long Income Carpark Investment with Strong Underlying Development Potential

For sale: POA|1.68 Acres|General Retail, Land, Retail, Commercial Land

Property details

FOR SALEPOA
SIZE1.68 Acres
ADDRESSPortland Street Car Park, Portland Street, Cheltenham, GL52 2NX
TYPEGeneral Retail, Land, Retail, Commercial Land
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON28th September 2020

Description

Situated in the heart of Cheltenham Town Centre only moments away from the Prime retailing pitch.

- Providing 320 car parking spaces
- Strong underlying development potential
- A well configured site extending to 1.678 acres / 0.679 hectares
- Let to the undoubted covenant of National Car Parks Limited (NCP)
- Prominent surface level car parking
- New lease with an unexpired term of 35 years with annual RPI lined rent reviews
- Net passing rent of £419,475 equating to £1,311 per space

Location

marker
Location: Portland Street Car Park, Portland Street, Cheltenham, GL52 2NX

Cheltenham Spa (1.3 miles)

Ashchurch for Tewkesbury (7.3 miles)

Gloucester (7.6 miles)

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