28 St James Street, Cheltenham
The premises is a two-storey retail property plus basement storage.
There is a ground floor sales area and first floor ancillary accommodation.
There is a small kitchen to the rear of the ground floor, along with additional storage space and access into the rear garden area.
On the first-floor level is a WC facility and three rooms.
EPC: The building has an energy performance rating of D (97). Copy available upon request.
With a population of around 120,000, Cheltenham is an important regional shopping location serving an extensive catchment area. The town is renowned for its range and quality of shopping and the various important race meetings which attract many visitors throughout the year.
The subject premises occupy a central position on St James' Street, opposite a public car park. St James' street is a one way street just off the inner ring road connecting the High Street to Albion Street.
The John Lewis department store on Cheltenham's high street is less than 350 metres from the property.
Other nearby retailers include: Classic Shoe Repairs, KoKo Hair Company, Cheltenham Lashes, The Kitchen Depot and The Vine Public House.
The approximate Net Internal Floor Areas (NIA) are as follows:
Sales Area: 21.11 sq m (228 sq ft)
Ancillary Ground: 15.71 sq m (169 sq ft) plus kitchen
Ancillary First: 28.90 sq m (312 sq ft)
Total: 65.72 sq m (709 sq ft)
Plus Basement storage: 7.58 sq m (82 sq ft)
Internal Width: 5.68 m (18 ft 7 in)
Shop Depth: 4.16 m (13 ft 7 in)
The premises is available by way of a new fully repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.
£12,000 per annum exclusive.
Current Rateable Value: £5,300
Draft Rateable Value (2023): £8,700
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. Transitional relief and small business rate relief may be available.
The property has an existing use as a Micropub (previously A4 use now Sui Generis).
Prior to this the property had a retail consent and it is anticipated the property could return to this use (subject to planning), now falling within Class E which also incorporates office, clinic, professional services and cafe.
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.
We understand VAT is not payable on the rent. 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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