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Gloucestershire Business News

Ground floor, 32 Suffolk Parade, Cheltenham

The accommodation comprises a ground floor shop forming part of a mixed use, Grade II listed building believed to date back to circa 1820s.

With steps up into the premises, the accommodation is configured as a front retail / serving area split off from the kitchen and stores behind. There is a painted timber framed glazed shop front providing natural light into the premises.

A single door leads through to the fully fitted kitchen which includes gas hob with extraction over, tandoori oven, stainless steel worktops and shelving as well as a separate sink area.

The kitchen walls are tiled, and the floor has a linoleum covering. There is hatch access into the cellar beneath which has a height of approx. 1.96m.

To the rear of the premises is a small courtyard with external stores and WC with shower.

EPC: To be reassessed.

Location:

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 attract many visitors throughout the year.

Suffolk Parade is situated on the south side of the town centre and provides immediate access to the A40 London Road and A46 Bath Road. The property is located within 'The Suffolks'; a popular upmarket shopping destination renowned for its antique shops, art galleries, jewellers, restaurants and bistros.

Accommodation:

The approximate Net Internal Floor area is as follows:

Ground Floor Retail/Kitchen: 42.04 sq m (452 sq ft)

External stores: 9.41 sq m (101 sq ft)

Basement/cellar: 12.38 sq m (134 sq ft)

Total: 63.83 sq m (687 sq ft)

Plus, an external rear courtyard of circa 19 sq m (200 sq ft)

Rent:

£16,000 per annum exclusive.

A separate premium towards the kitchen equipment is to be negotiated if the equipment is to remain.

Terms:

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

Rates:

Current Rateable Value: £6,700

Draft Rateable Value (2023): £7,300

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 may be available.

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 

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