24 Promenade is a Grade II Listed Building with Ashlar stone elevations and extensive window display to the Promenade and County Court Road. Previously a public house, the property has been occupied since 2003 by Costa Coffee and the current planning use is understood to be Class E retail/caf/financial services and business.

The property has rear loading facilities from County Court Road.

ENERGY PERFORMANCE CERTIFICATE: The property has an Energy Performance Certificate rating of B-34.

Location:

The Promenade has long been renowned as one of England's best retail streets with Omega Watches, Trailfinders and Watches of Switzerland all opening branches in 2024. The property occupies a prominent corner position close to the junction of the Promenade with High Street. Adjacent units are occupied by Martin & Co Jewellers, Slaters Menswear, Ryman, Andrew Scott Jeweller, Yo Sushi and Coventry Building Society.

Cheltenham is an historic Spa Town which hosts a variety of international festivals including Literature, Music, Jazz and National Hunt Racing. The town has a strong retail offer including a John Lewis department store, Regent Arcade and is the headquarters of Superdry.

Accommodation:

Approximate measurements & Net Internal Floor Areas

The accommodation comprises:

Ground Floor

Internal Width 5.00 m (16'3")

widening in rear section to 14.20 m (46'8")

Depth 15.50 m (50'8")

Overall Floor Area: 148.64 sq m (1,600 sq ft)

Ancillary Office/Kitchen: 26.29 sq m (228 sq ft)

Basement 

Ancillary Storage Area

The upper floors contain self-contained residential accommodation which is not included in the proposed new lease.

Services:

Mains electricity, water and drainage are connected.

Business rates (Source: VOA website)

The premises are assessed at a rateable value of £77,000.

Lease terms:

The premises are offered to let on a new lease at a commencement rental of £57,500 per annum exclusive of rates and other outgoings. Rent will be reviewed on an upward only basis at the end of every fifth year of the term.

Service charge:

The tenant will be responsible for maintenance of the entrance doors and windows of the property and the landlord will maintain the exterior. The tenant will pay a due proportion (50%) of the external costs.

Insurance:

The landlord will insure the property and recover the appropriate proportion (50%) cost of the premium from the tenant.

VAT:

The property is elected for VAT and VAT will be payable on rent, insurance and other costs arising.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk