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Gloucestershire Business News

218 Bath Road, Cheltenham

The property comprises a two-storey end terraced building with single-storey rear extension of rendered masonry construction with single glazed shop front display with wood framed fascia.

Internally the property is divided to provide a good size ground floorretailsales area with store room and yard to the rear.

The store room also give access to a staircase that leads to the first-floor accommodation which is divided into two large rooms which are used currently for storage.

There is a small kitchenette within the back room. The premises also benefit from LED lighting at ground floor level.

An EPC is currently being prepared.

Location details:

The property is situated fronting the south eastern side of Bath Road with a return frontage facing Hermitage Street. The property is located approximately ½ mile south of Cheltenham town centre. Cheltenham Spa mainline railway station is located approximately 1¼ miles to the north west.

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.

Accommodation:

Approx. net internal floor area

Ground Floor: 47.75 sq (514 sq ft)

Storage Room: 10.96 sq m (118 sq ft)

First Floor Room 1: 17.27 sq m (186 sq ft)

First Floor Room 2: 24.52 sq m (264 sq ft)

Total: 100.52 sq m (1,082 sq ft)

Rates:

The Rateable Values listed on the Valuation Office Agency website are:

Ratable Value: £14,750

Rate in £ 2019/2020: 0.499

Planning:

The property has consent for use as offices that fall within Class A1 of the Use Classes Order 1987. The premises may suit a range of uses subject to the necessary consents being obtained.

Terms:

Available by way of lease assignment or new lease with terms to be agreed. The current tenant's full repairing lease is available by way of lease assignment at the rent of £16,750 p.a. payable quarterly in advance.

The lease expires on 23rd June 2026. The landlord is willing to consider the grant of a new lease.

VAT:

The property is not elected for VAT

Legal costs:

Each party to bear their own costs incurred in the transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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