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Gloucestershire Business News

First Floor, 16 Imperial Square, Cheltenham

The property comprises a prestigious 19th Century mid terraced Grade II* listed building.

The available suite comprises two intercommunicating rooms, open in nature, approached by shared communal prestigious entrance hall with fully glazed front inner door. The suite benefits from gas central heating, modern lighting and category 5 computer cabling.

The office suite also benefits from a separate kitchen/staffroom area with WC facilities.

Four private parking spaces are available by separate agreement. These spaces are located in Oriel Mews, 100 metres away from the offices, within a gated car park. Each parking space is £1,200 per annum.

Location details:

The property is situated within the centre of Cheltenham close to the Promenade and opposite the Town Hall. Imperial Square is recognised as one of the town's premier office locations, being close to all central facilities.

There are 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.

Accommodation:

Approximate net internal area

59.46 sq m (640 sq ft).

Rates:

The entry appearing on the Valuation Office Agency website is:

Rateable Value: £7,100

Rate in £ 2019/2020: 0.491

Prospective occupiers are advised to make their own enquires of the Local Authority to establish the position in respect of transitional relief.

Planning:

Offices which fall within Class B1 of the Use Classes Order 1987.

Terms:

Available by way of lease assignment or new lease for a term to be agreed.

VAT:

The property is VAT registered.

Service charges:

Fixed at £3,362.79 p.a. to cover the landlord's costs for maintaining the external areas, the structure/fabric of the building and decorations, including common entrance hall and staircase.

The sum to increase annually by reference to the Retail Price Index. In addition, the tenant will be required to refund to the landlord, on a pro-rata floor area, a proportion of the cost of heating and electricity to the lower ground, ground, first and second floors, together with the landlord's insurance costs for maintaining fire, special perils and loss of rent cover on the building.

Legal costs:

The ingoing tenant is to be responsible for both parties' legal costs incurred in this transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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