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Gloucestershire Business News

5 Tewkesbury Road, Cheltenham

The unit is of steel portal frame construction with brick and block work elevations at low level with profile steel cladding above, underneath a lined and insulated pitched roof incorporating translucent panels.

EPC: The property has an energy performance rating of 62 (C). A copy of the energy performance certificate can be made available on request.

Location:

Cheltenham is a large spa town on the edge of the Cotswolds approximately 50 miles south of Birmingham, 40 miles north east of Bristol and 9 miles north east of Gloucester.

The town is a major commercial centre with good transport connections to the Midlands and the south west with Junctions 10 and 11 of the M5 motorway located approximately 4 miles to the west of the town centre. The A417/9 provides good access to the M4 Motorway and London and regular train services to London Paddington, Birmingham and Bristol are provided from Cheltenham Spa railway station.

Unit 5 Tewkesbury Road is located approximately 1 mile north west of the town centre on a main arterial route within an established out of town retail location. Nearby occupiers include the newly opened Homebase, Original Style Tile Showroom, Kwik Fit and Neptune Business Centre. Cheltenham's main out of town retail parks, Tesco superstore and various car dealerships are also in close proximity.

Accommodation:

The approximate Gross Internal Areas (GIA) are as follows:

Ground Floor: 1020.82 sq m (10,988 sq ft)

Mezzanine: 135.97 sq m (1,464 sq ft)

Total: 1156.79 sq m (12,452 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.

Rent:

£130,000 per annum exclusive.

Planning:

The property has most recently been used as a leisure facility, believed to fall within the new Class E use class.

Class E includes a range of uses including Light Industrial, Retail, Restaurant, Office, Financial & Professional Services, Medical & Health and some leisure.

Rates:

Rateable Value: £83,000 The above information was obtained from the Valuation Office website. Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

Code for Leasing Business Premises (2020):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property transaction.

VAT:

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.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk 

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