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Gloucestershire Business News

Office - 4 Imperial Square, Cheltenham

This Grade II Listed Regency mid terrace property has a main entrance accessed via Imperial Square, leading into office / Class D1 (clinic) space over four levels.

The ground and first floor levels are divided into two main office areas on each floor, plus kitchen and WC facilities. Both levels have many fine period features including Regency style moulding, high ceilings and large sash windows.

The second floor has three separate offices.

The lower ground floor is currently self-contained and can be accessed separately via external steps to the front.

Three car parking spaces are provided at the front accessed from Imperial Square and a further two are provided to the rear of the property in tandem, accessed from Imperial Lane. Further public parking is available nearby on both Rodney Road and within the Regent Arcade multi-storey car park. Business permits are also available for Imperial Square.

he building is heated via electric heating on the upper floors, whilst there is gas central heating on the lower ground floor level. There are fluorescent ceilings lights, power and data points to the majority of rooms. There is a combination of carpet, wood effect and lino flooring throughout the building. The building can be let as a whole or in part.

EPC: The building is listed and therefore exempt.

Location details:

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 subject property is located within Imperial Square; the established central office district of Cheltenham, overlooking the Town Hall and Imperial Gardens just a short walk from the Promenade shopping area.

Nearby occupiers include Thomson Bancks Solicitors, Montpellier Asset Managers, Imperial Hearing, Stuart Holmes as well as other professional services. On the opposite side of Imperial Gardens is the well-known Queens Hotel and popular hotel and restaurant 131 Promenade; both leading towards Montpellier with its upmarket stores and fine-dining experiences. The Quadrangle building opposite is due to undergo redevelopment providing refurbished restaurant and office space.

Terms:

Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews. Consideration will be given to lettings in part, on a floor by floor basis.

Rent:

The rent for the whole building is £54,000 per annum exclusive.

Planning:

The property has a Class B1(a) office use on the ground, first and second floors and a Class D1 use on the lower ground floor level.

Rates:

The building is currently split into a number of assessments for the purposes of the Rateable Value.

Basement (rear): £720

Basement (front): £7,300

Ground, first, second floors: £26,750

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.

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

01242 244744

enquiries@kbw.co.uk 

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