St Hilary Park, Wymans Lane, Cheltenham, GL51 9NE
Franck-Steier Price 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%.