Cheltenham Town Centre Bar/ Restaurant
The property comprises the ground floor and cellar of a three-storey mixed use building, with rendered and painted front elevation.
The ground floor serves as an existing bar and is mainly open plan with a fully fitted bespoke bar, open plan seating / dance floor area, a washing up area and male and female WC's. There are two glazed double entrance doors and a cellar which provides useable storage with pumps to the bar already in place.
A recent planning application has given consent to convert the female WC's into a kitchen with extraction under planning reference: 19/02392/FUL
EPC: The property has an energy performance rating of E (110). A copy of the Energy Performance Certificate can be made available on request.
With a population of around 120,000, Cheltenham is an important regional centre within the heart of the Cotswolds. The town serves an extensive catchment area and is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.
The property occupies a central location close to the town's High Street and Bath Road. Public parking is available nearby in Bath Terrace car park and the property is close to the Bath Road entrance to Sandford Park Gardens.
Accommodation The approximate net internal floor areas are as follows:
Ground Floor: 119.29 sq m (1,284 sq ft)
Cellar: 32.97 sq m (355 sq ft)
Total: 152.56 sq m (1,639 sq ft)
Existing use class A4 (drinking establishment). Permitted change of use from Class A4 to mixed Class A3 (Restaurants and café), A4 (Drinking established) and A5 (Hot Food Takeaway) obtained in January 2020 prior to the introduction of the new Class E use class.
The premises is offered on a new lease with terms to be negotiated, including upward only rent reviews. Premium offers are invited for the business. Further details on application.
£39,500 per annum exclusive.
Rateable Value: £6,600
The Rateable Value 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 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 is responsible for their own legal costs.
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.
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