442-444 High Street, Cheltenham
The premises comprise a pair of extended middle and end of terrace properties; built of painted rendered elevations under a pitched led covered roof comprising a pair of lock up shops on the ground floor with eight residential flats on the two upper floors of the front building and in a two-storey extension to the rear.
EPC: Copies of the eight domestic and two commercial Energy Performance Certificates are available on request.
The premises are located to the lower end of Cheltenham High Street, between its junctions with Poole Way and Tewkesbury Road/Gloucester Road. The premises are situated at the beginning of a main arterial route into the town centre and form part of Cheltenham's ring road, a mixed-use area, with nearby retailers including Tesco Superstore, East & West Foods, Alexander Burn Funeral Directors and the town's Post Office local delivery office.
Business Rates & Council Tax:
The two retail units are separately assessed for business rates.
442 High Street - rateable value £4,400, 444 High Street- rateable value £5,900. The advertising hoarding has a rateable value of £920. Each of the eight flats are assessed for Council Tax as 'Band A'.
We are advised that mains water, electricity, gas and drainage are connected to the five residential units within the main building and one of the retail units. The other retail unit and the three residential units at the rear of the site are without gas.
Service charge & insurance:
Under the retail and residential leases 100% of service charge and insurance is recovered.
The premises have not been elected for VAT, meaning that no VAT will be payable on the purchase.
Each party are to be responsible for their own legal costs.
Tel: 01242 576276
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