1 Leyson Road, The Reddings, Cheltenham
The property comprises a ground floor retail unit within a 2-storey traditional brick construction building under a pitched roof.
The available unit is located on the ground floor and comprises a retail area to the front and further storage area to the rear along with WCs facilities.
The shop has a fully glazed frontage, painted plastered ceilings and walls with tiled flooring and is lit by strip lighting. The property also benefits from an external garage with gated yard access. There is a separate residential flat on the first floor which is occupied.
The property is located on the corner of Leyson Road and Redding's Road which is within an established residential area of Upper Hatherley approximately 5 miles from Cheltenham town centre.
There are excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.
(Approximate Net Internal area)
Ground floor retail space: 27.49 sq m (296 sq ft)
Storage area: 13.93 sq m (150 sq ft)
Total area: 41.43 sq m (446 sq ft)
The assessment presently appearing on the Valuation Office Agency website is as follows:
Rateable Value: £5,800
Rate in £ 2019/2020: 0.491
Prospective occupiers are advised to check with the Local Authority to establish any transitional relief that may be applicable.
The retail unit has been used for Class A1 of the Use Classes Order 1987.
It may suit alternative uses subject to the necessary consent being obtained.
The property is offered by way of a new internal repairing and insuring lease subject to a service charge for a term to be agreed.
All figures are exclusive of VAT where applicable.
A service charge will be levied to the tenant to cover the costs associated with the external maintenance of the building. Further information is available from the agents.
The ingoing tenant is to be responsible for both parties' legal costs incurred in this transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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