The premises is a Grade II listed regency period building with a timber framed and glazed shop front with central double doors. 

The current shop fit comprises a laminate / part carpeted floor covering, spot lighting, air conditioning and over door heater units. A rear stairwell provides a link to further retail space at ground floor via two openings, and a staircase gives access to the basement with 3 further ancillary areas. 

The upper floors currently provide ancillary accommodation including staff WC and kitchen. To the rear of the property is a parking area for 2 cars and rear access for deliveries is also possible.

EPC: D (99).

Full copy of the report is available upon request.

Location:

The subject premises occupy a prominent position on Cheltenham Promenade. 

Nearby occupiers include Lakeland, Superdry, Space NK, Fat Face, Waterstones, NatWest, Huffkins and Oliver Bonas.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor Sales Area: 68.45 sq m (737 sq ft)

Rear Sales: 14.98 sq m (161 sq ft)

Basement Ancillary: 75.74 sq m (815 sq ft)

First Floor Sales / Ancillary: 54.8 sq m (590 sq ft)

Second Floor Ancillary: 50.25 sq m (541 sq ft)

Third Floor Ancillary: 25.72 sq m (277 sq ft)

Total: 289.94 sq m (3,121 sq ft)

Terms:

Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews. 

Subject to vacant possession.

Rent:

£72,500 per annum exclusive.

Planning:

Most recently the property has been used as a retail shop falling within 'Class E'. 

The property is suitable for a variety of uses within 'Class E' including retail, restaurant, professional services, clinic and some leisure.

Rates:

Rateable Value: £60,500.

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):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property letting transaction.

VAT:

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.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk