66-68 Promenade, Cheltenham
66-68 Promenade is a two storey Grade II listed period building with large window display fronting Promenade.
The premises provide ground and mezzanine floor sales with ancillary first floor accommodation.
EPC: The property has an energy performance rating of 102 (E).
A copy of the energy performance certificate can be made available on request.
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 the various festivals and important race meetings which attract many visitors throughout the year.
The subject property occupies a prominent position on the Promenade; Cheltenham's famous tree lined shopping street which connects the High Street to Montpellier.
Nearby occupiers include Hotel Chocolate, Dubarry, Jo Malone, Molton Brown, White Company and House of Fraser.
The approximate net internal floor areas (NIA) are as follows:
Ground Floor Retail: 109.15 sq m (1,175 sq ft)
Mezzanine Retail: 56.37 sq m (607 sq ft)
First Floor Ancillary: 101.73 sq m (1,095 sq ft)
Total: 267.25 sq m (2,877 sq ft)
Internal Shop Width: 6.5m max
Internal Shop Depth: 20.38m
Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.
£85,000 per annum exclusive.
The property has most recently been used as a shop falling within the new 'Class E' use class.
Class E includes a range of uses including retail, restaurant, office, financial & professional services, medical & health and some leisure.
Rateable Value: £109,000.
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 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.
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