Ground Floor, 4 Imperial Square, Cheltenham
This Grade II Listed Regency mid terrace property has a main entrance accessed via Imperial Square, leading into Class E accommodation over four floors.
The ground floor is the only remaining space within the building and comprises two open plan areas connected with two archways, plus three separate office / storage areas to the rear. There is a single WC at ground floor level and shared kitchen facilities are found on the first-floor mezzanine level.
The ground floor has many fine period features including Regency style moulding, high ceilings and large sash windows. The ground floor shares a communal entrance with the occupier of the first and second floors (currently under offer).
The lower ground floor is self-contained and accessed separately via external steps to the front (now let to Pea Green Physio).
The ground floor office suite benefits from two car parking spaces at the front of the building accessed from Imperial Square. Further public parking is available nearby on both Rodney Road and within the Regent Arcade multi-storey car park. Business permits are also available for Imperial Square, subject to availability and at an additional cost.
The building is heated via electric heating. There are fluorescent ceilings lights, power and data points to the majority of rooms. There is a combination of carpet, wood effect and lino flooring throughout the building.
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 located within Imperial Square; the established central office district of Cheltenham, overlooking the Town Hall and Imperial Gardens just a short walk from the Promenade shopping area.
Nearby occupiers include Thomson & Bancks Solicitors, Montpellier Asset Managers, Imperial Hearing, Stuart Holmes as well as other professional services.
On the opposite side of Imperial Gardens is the well-known Queens Hotel and popular hotel and restaurant 131 Promenade: both leading towards Montpellier with its upmarket stores and fine-dining experiences. The Quadrangle building opposite has recently undergone redevelopment providing refurbished restaurants and offices.
Accommodation The approximate net internal areas are as follows:
Lower Ground Floor: NOW LET
Ground Floor: 85.66 sq m (922 sq ft)
First Floor: UNDER OFFER
Second Floor: UNDER OFFER
Total: 224.36 sq m (2,415 sq ft)
Available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.
The rent for the ground floor office suite is £18,500 per annum exclusive.
A service charge is payable towards the upkeep and maintenance of the common parts (internal and external).
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.
Ground, First, Second floors: £26,750. To be reassessed.
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.
Code for Leasing Business Premises (2020):
Tenants should be aware of the Code for Leasing Business Premises and are recommended to take professional advice relating to this, or any other, 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 to bear its own legal costs incurred in the transaction.
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