272-274 High Street, Cheltenham
The property comprises a 'double' ground floor retail unit with storage area and welfare facilities to the rear.
The property benefits from extensive High street frontage and a rear access for loading.
Please note, the upper parts of the property, comprising residential accommodation, are under separate ownership and do not form part of the demise.
The property has an EPC rating of C-55. Certificate Ref No: 0960-1978-0371-4410-2080.
Cheltenham is a large and affluent town within the Cotswolds, approximately 1 hours drive from Birmingham and 2 hours' drive from central London, easily accessed from the M5 Motorway at junctions 10 and 11.
The property itself is located in a busy high street location on the fringe of the town centre.
Nearby occupiers include, Premier Inn Hotel, Poundland, Primark and Wilkinson's. Cheltenham has a total population of approximately 110,000 people and a retail catchment area understood to be in excess of 180,000.
Approximate net internal area
181.81 sq m (1,957 sq ft)
The assessment presently appearing on the Valuation Office Agency website is as follows:
Rateable Value: £33,750
Rate in £ 2019/2020: 0.491
Prospective occupiers are advised to check with the Local Authority to establish any transitional relief that may be applicable.
It is considered that the premises would be suitable for general A1 (retail) uses. Prospective tenants are advised to speak with the Local Authority for confirmation.
The property is available by way of new FRI type lease for a term of years to be agreed between the parties and incorporated upward only rental review at appropriate intervals.
All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.
A variable charge is levied on the unit in order to cover the economic cost of the upkeep and maintenance and management, etc of common parts and facilities. Levied on a fair proportion basis.
Each party to bear their own costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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