27 Promenade, Cheltenham
The premises forms part of a Grade II listed regency period building with a timber framed and glazed shop front with central double doors. The current shop fit comprises a laminate floor, spot lighting, air conditioning and over door heater units.
A rear stairwell provides a link to ancillary space at ground floor and a staircase gives access to the basement ancillary accommodation.
The upper floors can also be made available if required.
EPC: The building is listed and therefore believed to be exempt.
With a population of around 120,000, Cheltenham is an important regional shopping location serving an extensive catchment area.
The town is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.
The subject premises occupy a prominent position on Promenade.
Nearby occupiers include Lakeland, Superdry, Space, NK, Fat Face, Waterstones, Natwest, Huffkins and House of Fraser.
The approximate net internal floor areas are as follows:
Sales Area: 68.45 sq m (737 sq ft)
Ancillary: 14.98 sq m (161 sq ft)
Ancillary: 75.74 sq m (815 sq ft)
Staff facilities to be relocated to part of the basement.
Total: 159.17 sq m (1,713 sq ft)
Additional ancillary accommodation at first, second and third floor levels can also be provided if required.
Available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.
£80,000 per annum exclusive. Subject to vacant possession.
Class A1 (retail) use.
Rateable Value to be reassessed.
Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.
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.
Each party to bear its own legal costs incurred in the transaction.
KBW Chartered Surveyors
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