Property overview

St Hilary Park, Wymans Lane, Cheltenham, GL51 9NE

sold

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£3,000,000
Dec 2016

Franck-Steier Price Ltd (FSP) has recently concluded the sale of a prominent mixed trade and leisure investment in the Kingsditch area of Cheltenham.

The property was let to Simply Gym and Topps Tiles and had a WAULT of 9.27 years to expiries and 5.84 years to breaks. The Topps Tiles lease had annual RPI reviews with c/c of 1-5%.

The property extended to 37,137 sqft overall. The total passing rent was £242,125 per annum.

A private investor paid £3,000,000, reflecting an initial yield of 7.58%.

St Pauls Office Investments Retail & Retail Warehousing investments