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Gloucestershire Business News

20 Imperial Square, Cheltenham

Description:

This Grade II* listed regency mid-terrace property has a prestigious entrance hall leading into office accommodation over four levels. 

The ground and first floor levels are divided into two main office areas on each floor, plus kitchen and toilet facilities. Both levels have many fine period features including regency style moulding, high ceilings and large sash windows. The second floor has four separate offices. On lower ground floor level there are three further office rooms, currently used as informal meeting space 20 Imperial Square Cheltenham GL50 1QZ with a separate kitchen and wc. The lower ground floor could be self-contained. Personnel access to the building is via either the front entrance facing Imperial Square, or an entrance into lower ground floor level at the rear of the building via Trafalgar Street. 

The property benefits from 3 car parking spaces at the rear of the building, with further public parking available nearby on both Rodney Road and within the Regent Arcade multi-storey car park. Business permits are also available for Imperial Square. Further details available on request. The building is heated via gas central heating with radiators throughout. There are fluorescent ceiling lights, power and data points around the perimeter of each room, and additional floor boxes in some office areas.

EPC: The property has an Energy Rating D (99).

Location details:

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 which attract many visitors throughout the year.

 The town benefits from good transport connections to the Midlands and South West with Junctions 10 & 11 of the M5 motorway located approximately 4 miles to the West of the town centre providing direct access to Bristol and Birmingham. The A417 (dual carriageway) provides good access to the M4 motorway and London. Cheltenham has regular train services to London Paddington (1 hour 55), Birmingham (40 mins) and Bristol (45 mins). 

The subject property is located within Imperial Square; an important office area of Cheltenham, overlooking the town hall and Imperial Gardens just a short walk from the Promenade. Nearby occupiers include Willans Solicitors, Boo Homes and Lodders Solicitors as well as other professional services. On the opposite side of Imperial Gardens is the well-known Queens Hotel and popular hotel and restaurant 131 Promenade; both leading towards Montpellier with its upmarket stores and fine-dining experiences.

Accommodation:

The approximate net internal floor areas are as follows:

243.6 sq m (2,622 sq ft)

Terms:

Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews. The quoting rent is £47,000 per annum exclusive.

Use:

B1 Office.

Rates:

Current rateable value: £25,750 The above information was obtained from the Valuation Office website and interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

VAT:

VAT may be payable on the rent and/or any other charges or payments detailed. All figures quoted are exclusive of VAT and intending tenants 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 

01242 244744 

enquiries@kbw.co.uk  

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