Summary - 94, HIGH STREET GL50 1EG
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime location on Cheltenham's High Street with excellent foot traffic.
- Ground floor retail unit (1,400 sq ft) currently leased to Blue Cross until 2027 at £17,500 per annum.
- Upper floors feature a 6-bedroom HMO (1,210 sq ft) with potential gross rental income of £40,440 p.a.
- Mixed-use property ideal for investors or developers with renovation potential.
- Offers in excess of £650,000 for freehold.
This remarkable commercial property located at 94-96 High Street, Cheltenham, presents a unique investment opportunity. Comprising a sizeable 1,400 sq ft retail space on the ground floor—currently leased to a reputable tenant, Blue Cross—alongside a spacious six-bedroom HMO on the upper levels, this property synergizes income potential with a highly desirable location. The HMO features separately leased rooms equipped with kitchenettes, appealing to tenants seeking affordability in a bustling neighborhood.
Despite the current positive cash flow, potential buyers should consider the property's lease terms, as the retail lease has just four years remaining, which may pose challenges for mortgage financing. Moreover, the shared facilities in the HMO might not be to everyone's liking, however, this can also be an opportunity for the investor to enhance the property to maximize rental returns.
Situated in an affluent cosmopolitan area known for its vibrant student population, the property is surrounded by numerous amenities, including cafes, supermarkets, and public transport, ensuring a steady influx of customers. With substantial footfall and diverse local community needs, this property stands out as a reliable investment in Cheltenham’s commercial market. Act quickly to seize this exceptional offering that combines immediate rental income with future renovation opportunities!
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