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Gloucestershire Business News

Unit B The Lypiatts, Lansdown Road, Cheltenham

The property comprises a two-storey semi-detached office building of cavity brickwork construction under a pitched tiled roof incorporating timber sash windows.

Internally the offices are fitted out with raised floors, perimeter trunking, air conditioning, gas centrally heated radiators and suspended ceilings with recessed lighting, together with kitchen and male & female WC facilities.

Externally there are 6 demised car parking spaces and a shared overflow car park and gardens.

EPC: EPC C (57). Please contact the office to request a copy of the full report.

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 which attract many visitors throughout the year.

The town 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 Lypiatts is located on Lansdown Road (A40) within about 250 metres of Montpellier and about 1/2 mile of the town centre. The office building is situated in an attractive courtyard setting within a mature landscaped environment. It is one of three modern office buildings that occupy a tranquil position to the rear of a Regency period villa.

Accommodation:

The approximate net internal floor areas are as following:

Ground Floor: 109.3 sq m (1,176 sq ft)

First Floor: 109.3 sq m (1,176 sq ft)

Total: 218.6 sq m (2,353 sq ft)

Plus, the use of six demised car parking spaces.

Rent:

£55,645.63 pax for the current year (2022-23).

The rent is subject to annual RPI based adjustments.

Terms:

The property is available by way of an assignment or sub-lease of the whole demise, subject to landlord's consent.

Alternatively, a new lease could be made available, subject to Landlord's consent.

Service charge:

A fixed service charge, subject to annual RPI adjustments, is payable in addition to the rent.

Further details available upon request.

Rates:

Rateable Value: £23,500.

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.

Planning:

The property has most recently been used as an Office which currently falls under a Class E use class.

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 purchasers must satisfy themselves as to the VAT position by taking appropriate professional advice.

Legal costs:

Each party is responsible for its own legal fees incurred in the transaction, save for any landlord costs which will be split between the transacting parties.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk 

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