Lot 86 - 268 High Street, Cheltenham, Gloucestershire, GL50 3HQ

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000+
  • Bedrooms: 0

Commercial Investment



This well established chip shop with managers accommodation is located on the busy High Street in Cheltenham.

Being located in the town centre, this property benefits from plenty of footfall from passing shoppers. Additionally, the property is located within close proximity to The University of Gloucestershire’s Francis Close Hall Campus, and Hardwick Campus.

The tenants have recently signed a full repairing and insuring five year lease from September 2020. For the first two years the monthly rental is £300 per a week, this then increases to £350 per a week for the next three years. there is no break clause in the five year period and there is a right to renew the lease in year five.

Please note that the auctioneers have not inspected the property prior to listing. We have however been advised that the property is a three storey property plus basement. The ground floor is comprised of a retail unit, with the top two floors currently being used as managers accommodation.


Ground Floor: Retail area
First and Second Floor: Owners accommodation
Basement: Basement area


Five year lease from 2020. Achieving a weekly rental of £350.


Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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