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Gloucestershire Business News

16 and 20 Regent Arcade, High Street, Cheltenham

Newly refurbished shops to let ready for immediate occupation in Cheltenham town centre.

At approximately 200,000 sqft, Regent Arcade is the most dominant retail location in Cheltenham linking to the neighbouring 190,000 sqft House of Fraser department store.

With a population of around 120,000, Cheltenham is an important regional and national centre serving an extensive catchment in Gloucestershire, the Midlands and the Southwest. The town is renowned for its shopping and festivals.

EPC: The properties have been rated within the following band; Unit 16 C64 Unit 20 C55 A copy of the report is available on request.

Location:

Situated in the heart of Cheltenham, Regent Arcade forms an integral part of the town's prime shopping circuit linking the High Street to the Promenade. The centre is home to over 60 stores and eateries including H&M, River Island, Soho Coffee, TK Maxx and Topshop.

The available units are located opposite one of the country's best performing Carluccio's and set within the busiest pedestrian section of the shopping centre in close proximity to Holland & Barrett and The Body Shop. You'll be in good company next to a top 5 Sharps, successful Apple reseller Western Computer and brand-new addition Trespass.

Accommodation:

Each unit has been fully refurbished to the highest standard and individually designed to reflect their own character.

The extensive refurbishment includes new lighting and upgraded electrical arrangements.

The premises comprise of the following dimensions & net internal floor areas:

Unit 16:

Ground floor area: 97 m2 (1,044 sq ft)

First floor area: 27 m2 (291 sq ft)

TOTAL: 124 m2 (1,335 sq ft)

Gross frontage: 5.2m

Shop depth: 18.6m

Unit 20:

Ground floor area: 100 m2 (1,076 sq ft)

First floor area: 26 m2 (280 sq ft)

TOTAL: 126 m2 (1,356 sq ft)

Gross frontage: 5.88m

Shop depth: 17.5m

Terms:

Units are available by way of new effectively full repairing and insuring leases for a term to be agreed.

Rent:

Rents on application.

Service charge:

The current estimated service charge is:

Unit 16: £10,275

Unit 20: £10,603

Business Rates:

The current rateable value is:

Unit 16: £40,250

Unit 20: £40,500

The business rates multiplier for 2019/20 is 50.4p The Rateable Value is obtained from the Valuation Office website.

Interested parties should make their own enquires to the billing authority Cheltenham Borough Council to verify the current rates payable.

Legal costs:

Each party to be responsible for their own legal costs.

Contact:

Cushman & Wakefield

James Merrett

020 7152 5000

james.merrett@cushwake.com 

Spencer Wilson

0117 910 5271

spencer.wilson@cushwake.com 

KBW Chartered Surveyors

Richard Knightley

01242 246092

richard.knightley@kbw.co.uk 

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