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Gloucestershire Business News

Offices in Parker Court, Knapp Lane, Cheltenham

Parker Court comprises part of a former primary school, which has been imaginatively converted and refurbished to provide attractive office accommodation incorporating gas fired central heating, partial air-conditioning, and on-site car parking facilities. The available accommodation is situated on the first floor.

Energy Performance Certificate (EPC): The premises are assessed at an energy efficiency rating of E113. Copies of the certificate are available on request.

Location:

Parker Court is located in the heart of Cheltenham's commercial district, adjacent to Waitrose, and a short walk to the High Street, Montpellier and Promenade.

Accommodation:

Approximate measurements and Net Internal Floor Areas:

Main entrance to communal access hallway with demised stairs leading to a dedicated entrance landing:

Meeting Room 2.58m x 3.28m = 8.48 sq m with door through to: Office Two 7.65m x 3.3 = 25.28 sq m

(A Comms Room is partitioned within this area)

Main Office 15.2m x 9.1m = 138.71 sq m

(Area includes two partitioned offices)

Total: 172.47 sq m (1,856 sq ft)

A kitchenette and WC facilities are provided within the office demise (and are shared with one other occupier)

The Offices benefit from 10 allocated car parking spaces.

Lease terms:

The offices are available to let by way of an assignment of the existing lease which runs until 31st March 2024 on effectively full repairing and insuring basis by way of a service charge provision. The rent is fixed for the lease term. A rent deposit may be required. The lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

The tenant may terminate the lease at 31st March 2022 subject to conditions.

Rent:

The rent passing is £23,000 per annum exclusive.

Service charge:

The Tenant is to be responsible for advance payment of a service charge in respect of, but not limited to, the costs incurred in maintaining and repairing the fabric and structure of the building, maintenance, heating, lighting and cleaning of the common parts of the buildings, maintenance and landscaping of the external common areas.

The service charge increases annually in line with the Retail Price Index (rpi) and is payable quarterly in advance. The cost per annum is currently £4,200 per annum.

Business Rates:

The premises are assessed at a Rateable Value of £18,750.

Source: Valuation Office Agency.

VAT:

The property is elected for VAT which is chargeable on rent, service charge and other payments due under the terms of the lease.

Legal costs:

Each party are to be responsible for their own legal costs incurred during this transaction.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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