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Gloucestershire Business News

£1.2million office/ studio space in Cheltenham

A pair of Grade II* Listed Buildings dating from c.1806 to 1810. Both buildings have been renovated and modernised to provide attractive business offices/studios whilst retaining many of their period features.

Each property has an external courtyard to the rear and private car parking spaces.

To the front of each building, there are 5 car parking spaces in the privately managed crescent.

Both buildings currently have the benefit of Class E (business use) planning classification, and an application has been submitted for change of use to each building to residential use.

The property is not currently elected for VAT.

Vacant possession of both properties is available on completion of the purchase.

Subject to Contract:

Each property is offered for sale at a price of £1.2 million.

Energy performance certification (EPC):

12 Royal Crescent

Basement - C75

Ground, First and Second Floors - D78

13 Royal Crescent - D77

All EPC's are valid until July 2029.

Location:

12 & 13 Royal Crescent are located in the heart of the Regency Spa Town of Cheltenham and located approximately 100 m from the renowned Promenade.

Accommodation:

12 Royal Crescent: 419.40 sq m (4,514 sq ft)

13 Royal Crescent: 434.90 sq m (4,581 sq ft)

Planning:

Both buildings currently have the benefit of Class E (business use) planning classification, and an application has been submitted for change of use to each building to residential use.

Services:

All mains' services are connected to both properties. 12 Royal Crescent has gas fired central heating to the upper floors and an electric boiler and hot water cylinder serving the lower ground floor only. 13 Royal Crescent has gas fired central heating.

Rates:

Each property has a number of separate rating assessments for individual parts of the building. Current total:

12 Royal Crescent - £40,675

13 Royal Crescent - £44,100

VAT:

The property is not currently elected for VAT.

Legal costs:

Each party are responsible for its own legal costs arising.

Contact:

Joint agents John Ryde Commercial and Knight Frank.

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