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Gloucestershire Business News

17 Suffolk Parade, Cheltenham

The accommodation comprises a ground floor and basement shop forming part of a Grade II listed building with solid brickwork elevations incorporating a timber framed and glazed shop front under a parapet and pitched tiled roof.

The premises provide a sales area at ground floor with a conservatory and kitchen to the rear and further sales area at basement level.

EPC: The property has an energy rating E (112). A copy of the Energy Performance Certificate can be made available upon 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.

Suffolk Parade is situated on the south side of the town centre and provides immediate access to the A40 London Road and A46 Bath Road. The property is located within 'The Suffolks'; a popular upmarket shopping destination renowned for its antique shops, art galleries, jewellers, restaurants and bistros.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor Retail: 33.17 sq m (357 sq ft)

Ground Floor Conservatory: 6.41 sq m (69 sq ft)

Kitchen: 6.78 sq m (73 sq ft)

Basement Retail 39.11 sq m (421 sq ft)

Total: 85.47 sq m (920 sq ft)

Internal Width: 4.56m max

Shop Depth: 8.11m

Terms:

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

The current tenant's lease expires in January 2022.

Planning:

The property has most recently been used as a Bookshop falling within the new Class E (previously A1 Retail).

Rent:

£15,000 per annum exclusive.

Rates:

Rateable Value: £6,000

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. Small business rate relief may be achievable.

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 transaction.

VAT:

VAT may be payable on the rent, or any other charges or payments detailed.

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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