8 Promenade, Cheltenham
The property comprises a three storey Grade II listed period building with a basement. The premises provide ground and first floor sales areas and ancillary basement and second floor accommodation.
The property had been occupied by Keith Scarrott shoe retailer for over 40 years and provides a unique opportunity for an incoming tenant to benefit from the established location.
EPC: The building is listed and qualifies for exemption.
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 prime position on the Promenade; Cheltenham's famous shopping street which connects the High Street to Montpellier.
Nearby occupiers include HSBC, Boots, Starbucks, London Camera Exchange, Lakeland, Primark as well as many other national and independent retailers.
The approximate dimensions and Net Internal Areas (NIA) are as follows:
Internal Width: 3.01 m
Shop Depth: 8.31 m
Ground Floor Retail: 27.03 sq m (291 sq ft)
Basement Store: 18.47 sq m (199 sq ft)
Basement Kitchen: 3.71 sq m (40 sq ft)
First Floor Retail: 36.04 sq m (388 sq ft)
Second Floor Store: 36.75 sq m (396 sq ft)
Total: 122 sq m (1,314 sq ft)
Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.
Rateable Value: £34,500
The above information was obtained from the Valuation Office and Council Tax 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 letting 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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