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Gloucestershire Business News

7 Royal Crescent, Cheltenham

The subject property is a mid-terrace four storey building which benefits from many fine period features including regency style moulding, high ceilings and large sash windows.

There are offices on all four floors as well as kitchen / staff room and WC facilities at first floor mezzanine level, there are also separate male and female WC facilities at lower ground floor level.

The main entrance to the building is via steps up to the ground floor from Royal Crescent. There is a separate entrance to the lower ground floor via steps down from street level. The lower ground floor is at street level to the rear of the building which can be accessed via St Georges Place.

There are five car parking spaces allocated with the building. Additional car parking can be made available. Further details on application. The building is due to be refurbished throughout. We are advised that a leased line dedicated to this property is available to provide 100MB fibre broadband, subject to a new lease agreement with the relevant provider.

EPC: The building is listed and therefore believed to be exempt.

Location:

Cheltenham is a large spa town on the edge of the Cotswolds, famous for its Regency Architecture. The town has good access to the motorway network with junctions 10 and 11 within 4 miles of the town centre. The A417/9 provides easy access to Swindon and the M4 to London.

The premises are situated on the town's Royal Crescent, a terrace of Grade II* listed buildings built at the turn of the 19th Century and believed to be the earliest important Georgian terrace to have been built in Cheltenham (source: Historic England).

Originally private homes, Royal Crescent is now formed largely of office occupiers who benefit from the proximity to the Promenade and High Street. Other nearby occupiers include Cheltenham Borough Council, Hughes Paddison, Royal Crescent Surgery and Winston's Wish Charity.

Accommodation:

The approximate net internal floor areas are as follows:

Lower Ground Floor: 58.24 sq m (627 sq ft)

Ground Floor: 100.99 sq m (1,087 sq ft)

First Floor: 70.83 sq m (762 sq ft)

Second Floor: 60.52 sq m (651 sq ft)

Total: 290.58 sq m (3,128 sq ft)

Terms:

Available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.

Rent:

£54,000 per annum exclusive.

Rates:

Rateable Value: £20,750 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.

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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