Eddisons appointed to sell historic Cheltenham property as part of £7.5m portfolio

A grade-II listed building at 24 The Promenade in Cheltenham is among a prime portfolio of nine, mostly retail and leisure, properties across the UK with a collective £7.5m guide price, up for sale with Eddisons.

The Regency-style Cheltenham property, which was formerly occupied by coffee chain Costa, is currently vacant and undergoing refurbishment. Once let, it is expected to increase the portfolio’s total rental income from £550,000 to £610,000.

The Stafford town centre branch of Barclays Bank, a Loungers venue in Malvern and two Costa outlets in Bolton and Norfolk, are also among the properties that make up the ‘Fenwall’ property portfolio.

Stephen Hawkins, Eddisons’ regional managing partner, said: “These are diverse and high-performing assets that we have been instructed to sell as a whole or individually. A strong tenant profile includes Costa, Vodafone, Barclays Bank, Loungers UK, restaurant chain Cote and health testing company Randox.

The nine properties that make up the portfolio are located in Bolton and Hoylake in the North West, Stafford, Malvern and Cheltenham, Newbury, Chichester and Lewes in the South East, and Downham Market in Norfolk.