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Gloucestershire Business News

Unit 1, 15 Grosvenor Terrace, Cheltenham

The premises comprise the ground floor of a three-storey building of brickwork construction incorporating a timber framed and glazed shop front.

Most recently, the property has been used a café with the front of the shop providing a serving and seating area with a kitchen and storage area towards the rear of the property. The property has a single WC facility.

There is opportunity for external seating to the front of the property subject to a separate licence from the council.

Existing tenant's equipment, fixtures and fittings to be removed.

EPC: The property has an energy performance rating of 118 (E). A copy of the energy performance certificate can be made available on request.

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.

The premises are situated on Grosvenor Terrace just off the pedestrianised High Street.

Nearby occupiers include Iceland, Superdrug, The Entertainer and Subway.

Accommodation:

The total approximate net internal floor area is 60.07 sq m (647 sq ft).

Internal width (max) 4.39 m (14 ft 5 in)

Shop depth (max) 6.42 m (21 ft 1 in)

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, subject to vacant possession.

Rent:

£12,000 per annum exclusive.

Planning:

The property has been most recently used as a daytime café falling within a 'Class E' use class.

Class E includes a range of uses including retail, restaurant, office, financial & professional services, medical & health and some leisure. Subject to landlord approval.

Rates:

Rateable Value: £8,300

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.

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 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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