Cheltenham is a large and affluent town within the Cotswolds, approximately 1 hours drive from Birmingham and 2 hours drive from central London, easily accessed from the M5 Motorway at junctions 10 and 11. The property itself is located in a busy high street location on the fringe of the town centre. Nearby occupiers include, Premier Inn Hotel, Poundland, Primark and Wilkinsons. Cheltenham has a total population of approximately 110,000 people and a retail catchment area understood to be in excess of 180,000.
The property comprises a ‘double’ ground floor retail unit with storage area and welfare facilities to the rear.
The property benefits from extensive High street frontage and a rear access for loading.
Please note, the upper parts of the property, comprising residential accommodation, are under separate ownership and do not form part of the demise.
Mains metered electricity, water and drainage are all connected at the property.
1,957 sq ft (181.81 sq m)
It is considered that the premises would be suitable for general A1 (retail) uses.
Prospective tenants are advised to speak with the Local Authority for confirmation.
All rentals etc are quotes exclusive of rates, service charge, water rates, VAT and all other outgoings, etc. Rental to be payable quarterly in advance.
The property is available by way of new FRI type lease for a term of years to be agreed between the parties and incorporated upward only rental review at appropriate intervals.
A variable charge is levied on the unit in order to cover the economic cost of the upkeep and maintenance and management, etc of common parts and facilities. Levied on a fair proportion basis.
Full vacant possession can be offered to a new tenant upon completion of all legal formalities.
All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.
Each party to pay for their own costs incurred in a transaction.
2017 Rateable value – £33,750
The property has an energy performance rating of C55.