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Gloucestershire Business News

Eagle Tower, Montpellier Drive, Cheltenham

Eagle Tower is an iconic building built in the 1960's as a headquarters for insurance firm Eagle Star.

Now providing office accommodation over fifteen floors, the building includes both short-term serviced offices as well as longer term leases on office suites of 1,750 sq ft and above.

Cheltenham's tallest building is a landmark within the town and benefits from panoramic views over the town's popular gardens, regency housing and the Cotswolds beyond whilst also benefiting from being so close to the town centre amenities.

A major refurbishment was completed in 2017 which included upgrades to the reception, cafe, meeting rooms with Wifi, new air conditioning and replacement lifts as part of a significant modernisation programme.

Current availability is shown within the availability schedule on the previous page, and includes a range of sized office suites each bright and airy with access to its own kitchenette facility.

Shared WC's and showers are found within the communal areas of the building.

Other benefits include:

- Parking for occupiers and visitors

- Fully manned reception for meet and greet and collection of deliveries

- Reduced rate meeting rooms bookable by the hour, each with Wifi

- Postal collection services for added convenience

- On-site 'The Nest' cafe also providing catering services.

EPC: The building has an Energy Rating of C (64). A copy of the report is available upon request.

Location:

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 which attract many visitors throughout the year.

The town benefits from good transport connections to the Midlands and South West with Junctions 10 & 11 of the M5 motorway located approximately 4 miles to the West of the town centre providing direct access to Bristol and Birmingham. The A417 (dual carriageway) provides good access to the M4 motorway and London. Cheltenham has regular train services to London Paddington (1 hour 55), Birmingham (40 mins) and Bristol (45 mins).

Eagle Tower is situated close to the centre of Cheltenham and the town's inner ring road system near to the popular Tivoli and Leckhampton districts of Cheltenham. The building is near to Cheltenham College Independent School.

The building is home to a diverse range of business tenants of all sizes and spanning many industry sectors including Brand/ Design, Care, Environment, Financial, Legal, Property, Recruitment, Technology and Travel.

Accommodation:

Current availability for office suites at Eagle Tower is as follows:

Suite 207: 211.82 sq m (2,280 sq ft)

4 x car parking spaces

Rent: £22 psf

Rateable Value: £35,000

Suites 503 - 504: 325.16 sq m (3,500 sq ft)

6 x car parking spaces

Rent: £22 psf

Rateable value: £43,750

Suite 602: 162.58 sq m (1,750 sq ft)

3 x car parking spaces

Rent: £22 psf

Rateable value: £23,250

Suite 801: UNDER OFFER

Suite 803: 162.58 sq m (1,750 sq ft)

3 x car parking spaces

Rent: £22 psf

Rateable value: £23,000

Smaller office suites on short term licences are available within the Busness Village located on floors 1 to 3.

Terms:

Available on new (effectively) full repairing and insuring leases for a term of years to be agreed incorporating regular upward only rent reviews.

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:

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.

Legal costs:

Each party is responsible for its own legal fees incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk


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