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Gloucestershire Business News

Ground floor unit, 301-305 High Street, Cheltenham

The property comprises a four-storey building with external painted render under a pitched tiled roof with parapet wall.

The available unit is on the ground floor and currently comprises a range of offices and meeting rooms with a kitchenette store and WCs to the rear. It has a double-glazed windows, painted plastered walls and ceilings with a combination of LED and fluorescent strip lighting, carpet flooring.

The property is heated by way of a gas fired central heating system via radiators.

The property has an EPC Rating of E-109.

Location:

The property is situated in the spa town of Cheltenham which has a population of approximately 110,000 and lies in the heart of the Cotswolds. There is 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.

The property itself is located just off the High Street location on the fringe of the town centre opposite Cheltenham Spa Bowling Club and close to the High Street car park. It is a short distance from The Brewery leisure and retail development and Cheltenham's best known retail road, The Promenade.

Accommodation:

(Approximate net internal area)

Retail area: 137.8 sq m (1,484 sq ft)

Kitchen: 5.4 sq m (58 sq ft)

Store: 5.6 sq m (60 sq ft)

Total: 148.8 sq m (1,602 sq ft)

Rent:

£30,000

Rates:

The assessment appearing on the Valuation Office Agency website is as follows:

Rateable Value: £18,750

Rate in £ 2022/2023: 0.499

The Rateable Value in the draft list from 1 st April 2023 is £24,000.

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

Planning:

The property has recently been used as offices which fall within Class E (previously Class B1) of the Uses Classes Order 1987. The property has potential for a variety of uses subject to the necessary consents being obtained.

Terms:

The property is offered by way of a new lease for a term to be agreed.

Service charges:

A charge may be levied to cover the costs of upkeep and maintenance of the communal areas.

VAT:

The property is not elected for VAT purposes.

Legal costs:

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

Contact:

Ash Chartered Surveyors 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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