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Gloucestershire Business News

Second Floor, Municipal Offices, Promenade, Cheltenham

The accommodation comprises the second floor of a five storey, mid terrace Grade II* listed building with painted and rendered elevations incorporating timber framed sash windows.

Internally, the accommodation is configured as a north and south wing with reception area directly off the hallway landing. Each wing comprises cellular offices of varying sizes along with larger rooms suitable for a number of desks or for meeting rooms.

The premises benefit from excellent natural light and a combination of wall mounted power points and perimeter trunking. There is gas central heating and a combination of fluorescent and LED lighting. The offices are fully carpeted and benefit from shared WC facilities. Each wing has access to its own kitchen facilities.

Parking permits are available for Town Centre East car park in Grosvenor Terrace which is 0.5 miles from the subject premises, an approximate 10 minute walk.

EPC: EPC D (87). Report available upon request.

Location:

Cheltenham benefits from good transport connections to the Midlands and South West with Junctions 10 & 11 of the M5 motorway located approximately 4 miles to the West of the town centre providing direct access to Bristol and Birmingham.

The A417 (dual carriageway) provides good access to the M4 motorway and London. Cheltenham has regular train services to London Paddington (1 hour 55), Birmingham (40 mins) and Bristol (45 mins).

The Municipal offices is a landmark building prominently located in the town centre on Promenade overlooking the gardens and opposite the principle shopping area.

Accommodation:

The approximate Net Internal Floor Areas are as follows:

North Wing

Offices: 400.05 sq m (4,306 sq ft)

Kitchen: 14.02 sq m (151 sq ft)

Total: 414.07 sq m (4,457 sq ft)

Reception 40.35 sq m (434 sq ft)

South Wing

Offices 290.51 sq m (3,127 sq ft)

Kitchen 3.22 sq m (35 sq ft)

Total 293.73 sq m (3,162 sq ft)

TOTAL: 748.15 sq m (8,053 sq ft)

Rent:

From £75,888 pax.

An inclusive rent of £24 per sq ft to include service charge, heating, electricity, water and office cleaning, but exclusive of business rates. Parking permits are available at concessionary rents, payable in addition.

Terms:

Each wing is available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews. Minimum 6-month commitments.

Rates:

Rateable Value to be assessed upon occupation.

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.

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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