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Gloucestershire Business News

66 Hewlett Road, Cheltenham

Description:

The property comprises a single storey lock up shop within a Grade II Listed building, with glazed frontages extending to over 24 ft including return frontages to both Hewlett Road and Fairview Road.

The accommodation is open plan but presently partitioned to create three separate areas. There is CAT II fluorescent strip lighting and wall mounted electric heaters.

Location details:

The property is prominently situated fronting the roundabout intersection of Hewlett Road with All Saints Road and Fairview Road, which forms part of the Cheltenham Town Centre main road system. This is a highly prominent position providing a high level of exposure to passing traffic.

There are excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East. There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours.

Accommodation:

(Approximate Net Internal area)

Lock up shop: 34.18 sq m (368 sq ft)

Rates:

The entries currently appearing on the Valuation Office Agency website are as follows:

Rateable Value: £4,800

Rate in £ 2018/2019: 0.493

Prospective occupiers are advised to check with the Local Authority to establish any transitional relief that may be applicable.

Planning:

The property has been used for Class A2 of the Use Classes Order 1987 but may suit alternative uses subject to the necessary consents being obtained.

Terms:

A new tenant's full repairing and insuring lease is available for a multiple term of 3 years, subject to upward rent reviews at three yearly intervals. Rent: £13,000 p.a.

VAT:

Under the Finance Acts 1989 and 1987, VAT may be levied on the rent. We recommend that prospective tenants establish the VAT applications before entering into any agreements.

Legal Costs:

The ingoing tenant is to be responsible for both parties' legal costs incurred in this transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Rebecca Rigg: 01452 300433

Harry Pontifex: 01242 255242

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