First and Second Floors, 16-17 Clarence Parade, Cheltenham
The subject premises comprise the first and second floor offices of a Grade II Listed Regency building with Ashlar rendered elevations incorporating timber framed sash windows (full height with a veranda at first floor level) under a parapet roof.
The premises are self-contained and benefit from category 2 lighting and gas central heating system. Kitchen and WC facilities are provided at first floor mezzanine level. The premises are within a short distance of various town centre car parks.
EPC: The building is listed and therefore believed to be exempt.
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).
The subject property is situated close to the centre of Cheltenham on the inner ring road system.
Other nearby occupiers include Cheltenham Borough Council, Move Estate & Letting Agents, Sue Ryder Charity Shop, Wagamama and The Clarence Social.
The approximate net internal floor areas are as following:
Ground Floor Mezzanine: 13.1 sq m (141 sq ft)
First Floor: 45.99 sq m (495 sq ft)
Second Floor: 41.23 sq m (444 sq ft)
Second Floor Mezzanine: 12.8 sq m (138 sq ft)
Total: 113.12 sq m (1,218 sq ft)
In addition, there is a first-floor kitchen of approximately 3 sq m (33 sq ft).
The property has most recently been used as an Office which falls under the new Class E use class. Class E includes a range of uses such as office, retail, professional services, clinic and medical, and some leisure.
The premises are available by way of a new (effectively) full repairing and insuring lease for a term of years to be agreed.
£15,000 per annum exclusive.
Rateable Value: £8,700.
The above information 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. Small business rate relief may be achievable.
Code for Leasing Business Premises (2020):
All tenants should be aware of the and are recommended to seek professional advice relating to this, or any, commercial property letting transaction.
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 its own legal fees incurred in the transaction.
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