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Gloucestershire Business News

Lower ground floor suite - 95 Promenade, Cheltenham

95 Promenade is a prestigious office building that was refurbished throughout in 2013.

The available suite is situated on the lower ground floor and is accessed either through its own entrance fronting onto St Georges Road or through the central core.

The accommodation comprises the main open plan office, a meeting room, kitchen/staff area and server room. It has been finished to a high specification and includes suspended ceiling grid and tiles, LG7 style lighting, gas fired central heating, floor trunking, aluminium framed double-glazed windows and carpet tiles.

The property also benefits from two passenger lifts, male, female and disabled toilet facilities and the office has one allocated parking space in the secure basement car park.

The property has an EPC rating of E-105. Certificate Ref No: 9000-1919-0304-5911-6050.

Location details:

The Promenade is Cheltenham's best known and most impressive avenue. The property is located close to the junction with Imperial Square and Royal Well Road.

There are excellent road links with junction 10 and 11 of the M5 motorway located about 4 miles to the west of the town centre providing direct access to Bristol and Birmingham. The A417/9 (dual carriageway) provides good access to the M4 motorway and London.

Cheltenham has a regular train service to London Paddington (1 hour 55 minutes), Birmingham (40 minutes) and Bristol (45 minutes).

Accommodation:

Approximate net internal area

106 sq m (1,141 sq ft).

Rates:

The assessment presently appearing on the Valuation Office Agency website is:

Rateable Value: £10,750

Rate in £ 2018/2019: 0.493

Prospective occupiers are advised to make their own enquiries to the Local Authority to establish the position in respect of transitional relief.

Planning:

Office which fall within Class B1 of the Use Classes Order 1987.

Terms:

The property is available by assignment of an existing lease for a term to expire 2nd July 2025.

There is a tenant's break clause on the 5th anniversary of the term which falls on 2nd July 2020.

Consideration will also be given to the granting of a new lease, subject to terms.

Further details are available from agent upon request.

VAT:

The property is elected for VAT.

Service charges:

A charge will be levied by the Landlord to cover the costs associated with the upkeep and maintenance of the external communal areas.

Legal Costs:

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

Contact:

Ash & Co 

Simon McKeag 07737 691453

Harry Pontifex 01242 255242

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