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Gloucestershire Business News

Lower Ground Floor, 3 Imperial Square, Cheltenham

The property comprises a 19th century mid terraced Grade II* listed building. The premises are accessed via stone steps from the street at ground floor level.

Internally the property is divided to provide a small retail sales area to the front which gives access to large kitchen and 3 further store areas including an office and WC facilities.

The premises benefit from double loading door to the rear which gives assess to Imperial Lane. The retail unit also comes with two private parking spaces.

The property has an EPC rating of E-117. Certificate Ref No: 9990-9903-0358-0680-0050.

Location details:

The property is situated within the centre of Cheltenham close to the Promenade and opposite the Town Hall. Imperial Square is recognized as one of the town's premier office locations, being close to all central facilities.

There are excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.

There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours.

Accommodation:

Approx. net internal floor area

Retail Area: 30.28 sq m (326 sq ft)

Room 1: 23.13 sq m (249 sq ft)

Room 2: 11.33 sq m (122 sq ft)

Room 3: 16.72 sq m (180 sq ft)

Room 4: 11.14 sq m (120 sq ft)

Storeroom 1&2: 6.03 sq m (65 sq ft)

Total: 98.66 sq m (1,062 sq ft)

Rates:

The Rateable Values listed on the Valuation Office Agency website are:

Rateable Value: £11,250

Rate in £ 2019/2020: 0.499

Planning:

The property has consent for use as offices which fall within Class A1 of the Use Classes Order 1987.

Terms:

A new lease is available for a multiple term of 3 years. Subject to upward rent reviews at three-yearly intervals.

VAT:

The property is not elected for VAT.

Service charge:

The tenant is to contribute towards a fixed service charge in respect of maintenance of the external fabric of the building and common areas. This charge will be set at £3,200 p.a. increasing annually by reference to the RPI.

Legal costs:

The Tenant is to responsible for both parties' legal costs incurred in this transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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