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Gloucestershire Business News

3 Rodney Road, Cheltenham

The property comprises a period Grade II Listed end terraced five storey office building dating from around the 1820's of brick construction, with part rendered painted elevations under pitch slated roof areas set behind a front parapet wall. The windows in general are timber framed single glazed sash units.

The accommodation is divided to provide individual offices and storerooms located on lower ground, ground, first, second and third floors.

The layout provides a ground floor entrance with a central staircase providing access to the upper and lower floors.

The predominant floor layout provides a single office to the front and rear of the building on each floor.

There are kitchen and two WCs at the rear of the first floor landing. There are two designated tandem car parking spaces at the front of the property.

The pitch roof and surrounding lead work forming the hidden valley gutter have been renewed within the last 12 months.

An EPC was prepared in 2022 and has a Rating of E-125.

Location:

The property is situated in the Spa town of Cheltenham which has a population of approximately 115,000 and lies on the edge of the Cotswolds.

There are excellent road communications with the M5 motorway located on the western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.

The property is situated in the heart of the town centre on the western side of Rodney Road just south of its junction with the High Street (behind Lloyds Bank) in an area favoured by professional and commercial businesses.

Accommodation:

(Approximate Net Internal area)

Ground Floor: 35.10 sq m (378 sq ft)

First Floor: 30.48 sq m (328 sq ft)

Second Floor: 32.40 sq m (349 sq ft)

Third Floor: 31.57 sq m (340 sq ft)

Lower Ground Floor: 22.30 sq m (240 sq ft)

Total: 151.85 sq m (1,635 sq ft)

Price:

£425,000

Rates:

Inspection of the Valuation Office website shows entries appearing in the 2017 Valuation List are as follows:

Basement

Office and premises

Rateable Value: £770

Part Basement

Store and premises

Rateable Value: £690

Suite 1

Office and premises

Rateable Value: £2,250

Suite 2

Office and premises

Rateable Value: £2,375

Suite 3

Office and premises

Rateable Value: £1,775

Suite 4

Office and premises

Rateable Value: £1,025

Suite 5

Office and premises

Rateable Value: £1,175

Suite 6

Office and premises

Rateable Value: £1,350

Suite 7

Office and premises

Rateable Value: £1,025

Suite 8

Office and premises

Rateable Value: £1,150

The Rateable Value(s) may need to be reassessed if the property is let as a whole or on a floor-by-floor basis.

Planning:

Offices which fall within Class E of the amended Use Classes Order 1987.

Terms:

The property is offered freehold with vacant possession.

VAT:

The property is not elected for VAT purposes.

Legal costs:

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

Contact:

Ash Chartered Surveyors 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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