Property photos
£795,000
(£142.42/sq. ft)
Retail premises for sale
Oldbury Road, Tewkesbury GL205,582 sq. ft
Local area information
Property location
Nearby amenities
- Tewkesbury Church of England Primary School 0.1 miles
- Abbey View 0.4 miles
- Ashchurch for Tewkesbury 2 miles
- Cheltenham Spa 7.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Tewkesbury to find out more about the local area.
Features and description
- Standalone Retail Unit With Car Park
- Let to National Star College
- Ten Year Term
- Rent £60,000 Per Annum
- Net Initial Yield 7.15%
The premises are located in the centre of the historic town of Tewkesbury which sits at the compliments of the Rivers Avon and Severn. The town is located 2 miles to the west of junction 9 of the M5 motorway linking Tewkesbury to Worcester to the north and Cheltenham and Gloucester to the south.
The property comprises a modern and recently refurbished standalone retail unit with access to Oldbury Road and via Eagles Alley to High Street.
Features include:
Newly covered roof with new slate roof coverings
26 car parking spaces
Open retail area
Separate loading
The property extends to a gross internal floor area of 518.70 sq m (5,582 sq ft) including:
Retail Space 341.10 sq m (3,671 sq ft)
Stock Room 69.70 sq m ( 750 sq ft)
Ancillary Storage, Office
Welfare Space 107.90 sq m (1,161 sq ft)
The premises have their own dedicated car park providing 26 car parking spaces.
The premises are let to the National Star Foundation for a term of 10 years from 31st January 2025 at a rental of £60,000 per annum. The lease is granted on full repairing and insuring basis and an upward only rent review at the end of the fifth year. The tenant has a break option at the end of the fifth year of the term.
The National Star Foundation is a registered charity providing education, personal development, accommodation, care and support services for young people and adults with complex disabilities and learning difficulties. In its annual accounts as at the 31st August 2023, The National Star Foundation showed a consolidated balance sheet of total group funds of £35,958,798. Net income for the year of plus £1,827,021.
Subject to Contract
Offers based on £795,000 are invited to purchase the freehold interest of the property subject to the lease granted to National Star Foundation. A purchase at this figure will provide a net initial yield of 7.15% after allowing for purchasers costs and reflects a capital value of £144.54
The property is currently elected for VAT and VAT will be payable on the purchase price unless otherwise agreed. There is an opportunity for the sale to be conducted by way of Transfer Of A Going Concern (togc) subject to the purchaser being able to meet these requirements.
The property comprises a modern and recently refurbished standalone retail unit with access to Oldbury Road and via Eagles Alley to High Street.
Features include:
Newly covered roof with new slate roof coverings
26 car parking spaces
Open retail area
Separate loading
The property extends to a gross internal floor area of 518.70 sq m (5,582 sq ft) including:
Retail Space 341.10 sq m (3,671 sq ft)
Stock Room 69.70 sq m ( 750 sq ft)
Ancillary Storage, Office
Welfare Space 107.90 sq m (1,161 sq ft)
The premises have their own dedicated car park providing 26 car parking spaces.
The premises are let to the National Star Foundation for a term of 10 years from 31st January 2025 at a rental of £60,000 per annum. The lease is granted on full repairing and insuring basis and an upward only rent review at the end of the fifth year. The tenant has a break option at the end of the fifth year of the term.
The National Star Foundation is a registered charity providing education, personal development, accommodation, care and support services for young people and adults with complex disabilities and learning difficulties. In its annual accounts as at the 31st August 2023, The National Star Foundation showed a consolidated balance sheet of total group funds of £35,958,798. Net income for the year of plus £1,827,021.
Subject to Contract
Offers based on £795,000 are invited to purchase the freehold interest of the property subject to the lease granted to National Star Foundation. A purchase at this figure will provide a net initial yield of 7.15% after allowing for purchasers costs and reflects a capital value of £144.54
The property is currently elected for VAT and VAT will be payable on the purchase price unless otherwise agreed. There is an opportunity for the sale to be conducted by way of Transfer Of A Going Concern (togc) subject to the purchaser being able to meet these requirements.
More information
Listed by
John Ryde Commercial
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