10 Ormond Place, Regent Street, Cheltenham
By Bethany Winter | 14th July 2023
The property comprises a 2 storey end terraced building of brick block construction with a rendered painted front elevation under a flat roof. The property has UPVC double glazed windows throughout.
The property is approached from two entrance doors at the front of the building. The accommodation is divided to provide an open plan ground sales area with further ancillary / sales area at first floor level.
Both male and female WC facilities are located at first floor level with a further disabled WC located just off the ground floor sales area
Generally, the property has emulsion painted plaster walls and ceilings. Lighting is provided by a mixture of halogen spotlights and /pendant lighting. I understand that electricity and water supplies are connected to the property.
An EPC is being prepared.
Location:
The property is situated within the centre of Cheltenham fronting the pedestrianised area to the east side of Regent Street which runs parallel north to south with The Promenade and linked to Regent Street via Ormond Place, a short road, partly pedestrianised and a thoroughfare linking the Promenade to the Regent Arcade Shopping Centre.
Within the immediate area there are Café Nero, Cavendish House (House of Fraser), Kibou, The Find / Workplace network, Loakes Shoes and Decathlon which form part of the shopping centre.
Accommodation:
(Approximate Net Internal area)
Retail sales area: 92.54 sq m (996 sq ft)
First floor sales area: 37.89 sq m (407 sq ft)
First floor store: 7.86 sq m (84 sq ft)
Total Floor Area: 138.29 sq m (1,487 sq ft)
Rent:
£37,500
Rates:
The assessment currently appearing in the Valuation List is as follows:
Rateable Value: £60,000
Rate in £ 2023/2024: 0.499
Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.
Planning:
The property falls within Class E of the Use Classes Order 1987.
Terms:
Available by way of a new lease full repairing lease for a term to be agreed.
VAT:
The property is not elected for VAT.
Legal costs:
Each party to bear their own costs incurred in the transaction.
Contact:
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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