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Gloucestershire Business News

15 Regent Street, Cheltenham

The property comprises a three storey Grade II listed terrace premises believed to date from the early 1800's.

Internally the building presents extremely well having undergone extensive refurbished in 2017 & 2018.

The accommodation at ground floor has been opened up and now provides a spacious hallway, large open plan dual aspect room, as well as kitchen facility.

The WC facility is on mezzanine level on the way up to the two good sized first floor rooms. The lower ground floor has its own separate access as well as via an internal stairway. There are two main rooms plus kitchenette and WC, as well as access into a small, raised courtyard at the rear.

EPC: The property has an energy performance rating of E (114). A copy of the Energy Performance Certificate can be made available on request.

Location:

With a population of around 120,000, Cheltenham is an important regional centre within the heart of the Cotswolds. The town serves an extensive catchment area and is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.

The property occupies a central location on Regent Street close to the town's Promenade shopping parade, High Street and Regent Street entrance to the Regent Arcade Shopping Centre.

Formerly houses, Regent Street is popular with retailers, cafes, restaurants, bars, offices and The Everyman Theatre. Nearby occupiers include Woodkraft, Horace Barton, Caffe Nero, Bar Padron, Regent Arcade Shopping Centre and House of Fraser. Public parking is available nearby within Rodney Road and Regent Arcade car parks as well as selected areas along Promenade.

Accommodation:

The approximate net internal floor areas are as follows:

Lower Ground: 49.04 sq m (528 sq ft)

Ground: 53.76 sq m (579 sq ft)

First: 24.76 sq m (267 sq ft)

Total: 127.56 sq m (1,374 sq ft)

Planning:

Previously used as an A1 (Shop), the property now falls within a 'Class E' use.

Class E includes a range of uses including retail, restaurant, office, financial & professional services, medical & health and some leisure.

Terms:

Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.

Rent:

£32,500 per annum exclusive.

Rates:

The property is currently assessed as two. Rateable Value: Ground & First Floor: £25,750 Lower Ground Floor: £2,250 The above information was obtained from the Valuation Office website.

Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

Code for Leasing Business Premises (2020):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property letting transaction.

VAT:

We are advised that VAT is not payable on the rent. All figures quoted are exclusive of VAT and intending lessees must satisfy themselves as to the VAT position by taking appropriate professional advice.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk 

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