Property photos
£560,000
(£390.24/sq. ft)
Retail premises for sale
3, 7 & 9 Great Norwood Street, Cheltenham GL501,435 sq. ft
Local area information
Property location
Nearby amenities
- Cheltenham College 0.2 miles
- Cheltenham Ladies' College 0.4 miles
- Cheltenham Spa 0.9 miles
- Gloucester 7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cheltenham to find out more about the local area.
Features and description
- 3 Shops producing £27,500 per annum
- 5 Residential Units sold off producing ground rents totalling £500 per annum
- Popular location
- Available together or separately
3 Commercial Shops Let On Occupational Leases & Residential Ground Rents In Popular Suffolk’s District of Cheltenham
Cheltenham is an affluent Regency Spa town having a population of c. 120,000 persons. A principal commercial and administrative centre for Gloucestershire. Excellent transport links and well connected to the motorway network via the M5 (J10, J11 & J11a) all within 5 miles. Well known for its Regency style, architecture and gardens. Primary catchment approximately 382,000 persons with an above average proportion in the most affluent A & B social group. Unemployment stands at well below the UK average. Major employers include gchq, ge Aviation, Spirax Sarco, Zurich Financial Services, ucas, Kohler Mira. Visitors attracted are by the retail provision, Regency architecture and various sporting and cultural festivals.
Great Norwood Street is located within an area, known locally as ‘The Suffolk’s’ a picturesque part of Montpellier with a range of specialist shops, boutiques, wine bars and restaurants including a 2 Star Michelin Le Champignon Sauvage on the south side of Cheltenham Town Centre. Within 10—15 minutes of Promenade and High Street and readily accessible to schools and the town.
Dating from the Regency era these are terraced town houses planned over four floors, Listed Grade II and having classic rendered and painted elevations and deep sash windows under a parapet roof. Shop windows installed at ground floor level the properties have the benefit of rear pedestrian and vehicular access and parking.
3 Great Norwood Street
Shop arranged at ground floor and basement approx. 742 sq ft. Let on a lease to Bloomers Florist Limited at an annual rent of £11,500 per annum. Lease expiry 30 April 2029.
One upper floor maisonette and parking space 125 year lease from 1 January 2002 at a current ground rent of £100 per annum which doubles in 2027.
7 Great Norwood Street
Ground floor shop estimated to be 378 sq ft. Let to two individuals. Tenant holding over on a lease which expired in September 2023 at a rent of £8,000 per annum. One upper floor maisonette and parking space 125 lease from 1 January 2002 at a current ground rent of £100 per annum due to double in 2027. Lower ground floor flat and parking space at a ground rent of £100 per annum due to double in 2027.
9 Great Norwood Street
Shop at ground floor extending to approx. 384 sq ft let to two individuals. Holding over under a lease which expired in May 2023 at a current rent of £8,000 per annum.
One upper floor maisonette with parking space sold off on 125 year lease from 1 January 2002 at a current ground rent of £100 per annum which is due to double in 2027.
Lower ground floor flat and parking space sold off on 125 year lease from 1 January 2002 at a current ground rent of £100 per annum due to double in 2027.
Subject to Contract
The freehold interests of each property are available. The following price guides apply subject to contract.
3 Great Norwood Street £210,000
7 Great Norwood Street £175,000
9 Great Norwood Street £175,000
(alternatively the properties can be bought together as three)
Cheltenham is an affluent Regency Spa town having a population of c. 120,000 persons. A principal commercial and administrative centre for Gloucestershire. Excellent transport links and well connected to the motorway network via the M5 (J10, J11 & J11a) all within 5 miles. Well known for its Regency style, architecture and gardens. Primary catchment approximately 382,000 persons with an above average proportion in the most affluent A & B social group. Unemployment stands at well below the UK average. Major employers include gchq, ge Aviation, Spirax Sarco, Zurich Financial Services, ucas, Kohler Mira. Visitors attracted are by the retail provision, Regency architecture and various sporting and cultural festivals.
Great Norwood Street is located within an area, known locally as ‘The Suffolk’s’ a picturesque part of Montpellier with a range of specialist shops, boutiques, wine bars and restaurants including a 2 Star Michelin Le Champignon Sauvage on the south side of Cheltenham Town Centre. Within 10—15 minutes of Promenade and High Street and readily accessible to schools and the town.
Dating from the Regency era these are terraced town houses planned over four floors, Listed Grade II and having classic rendered and painted elevations and deep sash windows under a parapet roof. Shop windows installed at ground floor level the properties have the benefit of rear pedestrian and vehicular access and parking.
3 Great Norwood Street
Shop arranged at ground floor and basement approx. 742 sq ft. Let on a lease to Bloomers Florist Limited at an annual rent of £11,500 per annum. Lease expiry 30 April 2029.
One upper floor maisonette and parking space 125 year lease from 1 January 2002 at a current ground rent of £100 per annum which doubles in 2027.
7 Great Norwood Street
Ground floor shop estimated to be 378 sq ft. Let to two individuals. Tenant holding over on a lease which expired in September 2023 at a rent of £8,000 per annum. One upper floor maisonette and parking space 125 lease from 1 January 2002 at a current ground rent of £100 per annum due to double in 2027. Lower ground floor flat and parking space at a ground rent of £100 per annum due to double in 2027.
9 Great Norwood Street
Shop at ground floor extending to approx. 384 sq ft let to two individuals. Holding over under a lease which expired in May 2023 at a current rent of £8,000 per annum.
One upper floor maisonette with parking space sold off on 125 year lease from 1 January 2002 at a current ground rent of £100 per annum which is due to double in 2027.
Lower ground floor flat and parking space sold off on 125 year lease from 1 January 2002 at a current ground rent of £100 per annum due to double in 2027.
Subject to Contract
The freehold interests of each property are available. The following price guides apply subject to contract.
3 Great Norwood Street £210,000
7 Great Norwood Street £175,000
9 Great Norwood Street £175,000
(alternatively the properties can be bought together as three)
More information
Listed by
John Ryde Commercial
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