KBW sells a slice of Tewkesbury High Street

March 12th 2024

Swapping loans for provolone, the former Barclays bank at 133-134 High Street is now home to Papa Johns.

After Barclays Bank closed its doors, KBW was instructed to find a new occupier for the property on behalf of the then owners. Having long housed a bustling banking hall, changing consumer habits and the evolution of the financial sector, has required the building to adapt to the changing needs of the High Street.

Not only is the property situated in the heart of Tewkesbury, it has the extremely valuable addition of parking at the rear.

KBW agreed a sale to an investor / developer who had Papa Johns lined up to take the ground floor, bringing their passion for quality Pizza ingredients to the town of Tewkesbury.

The transformation doesn’t stop there. The investor / developer who acquired the property has laid out ambitious plans for the upper floors. While specifics remain undisclosed, hints suggest that every inch of the property will be put to good use. It is sure to become a great example of adaptive reuse.

KBW, renowned for its expertise in real estate transactions across the commercial markets, secured a buyer and worked with both parties to ensure as smooth a transaction as possible, which was subject to a successful planning application.
Senior Director, Richard Knightley, commented: “It’s great to see Papa Johns have already injected energy back into the ground floor and to once again see this building being put back to commercial use.’.

For more information about KBW’s Commercial Agency services, please contact Richard Knightley or Laura Hatten on 01242 244744.