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Gloucestershire Business News

Unit 14 Malmesbury Road, Cheltenham

Unit 14 is a mid-terrace industrial / warehouse unit of steel portal frame with brick and clad elevations. There is glazing to the front and rear of the property with an insulated clad roof with translucent panels at intervals.

The accommodation comprises a large workshop area with offices or trade counter to the front. The eaves height is approximately 4.5 m.

The front office / trade counter provides open plan accommodation. There are separate male and female WC facilities. Externally there is parking to the front, together with a parking and loading area to the rear.

The unit is undergoing a comprehensive refurbishment programme and will be available for occupation in Q2 of 2023.

Refurbishment to include full internal redecoration and new floor finishes to office areas. Installation of a new electric roller shutter and low energy LED lighting. Newly installed welfare accommodation will include an accessible WC.

EPC: Target B rating. To be reassessed following completion of the works.

Location:

Malmesbury Road is located within the established Kingsditch area; approximately 2 miles west of Cheltenham town centre and in close proximity to the town's primary retail parks.

Junction 10 of the M5 motorway is approximately 3 miles to the west and Junction 11 approximately 3.5 miles to the south.

Other occupiers on Malmesbury Road include a number of trade counter, industrial, leisure and retail occupiers such as Apperley Honing, CA Honemaster, Felt So Good Ltd, Severnside Safety, Cotswold Mounts and Qing Cables.

Accommodation:

The approximate Gross Internal Area (GIA) is as follows:

Warehouse: 382.4.15 sq m (4,116 sq ft)

Trade counter/office: 80.1 sq m (862 sq ft)

Total GIA (including WCs): 462.5 sq m (4,978 sq ft)

Rent:

£45,000 per annum exclusive.

Terms:

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

Estate service charge:

A service charge will be levied by the Landlord and recoverable from the Tenant as a contribution towards the upkeep, maintenance and management of the estate and common parts.

Rates:

Current Rateable Value: £27,000 Draft 2023

Rateable Value: £38,000

We understand transitional relief is available. 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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