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Gloucestershire Business News

Part 21 Promenade & 20 Clarence Street, Cheltenham

- Prime shop to let

- Situated just off Promenade

- Nearby occupiers include Waterstones, Wagamama & House of Fraser

EPC: Exempt, as the property is a listed building.

Location details:

With a population of around 120,000, Cheltenham is an important regional shopping location serving an extensive catchment area. The town is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.

The subject premises occupy a prominent position on Clarence Street within a few metres of Promenade. Nearby occupiers include Lakeland, Superdry, Boston Tea Party and Wagamama on Clarence Street and Space NK, Fat Face, Waterstones and House of Fraser on Promenade. The town's art gallery and museum, known as The Wilson and the central library are also situated on Clarence Street.

Accommodation:

The approximate net internal floor areas are as follows:

Ground floor: 78.04 sq m (840 sq ft)

Basement:

Sales area: 16.72 sq m (180 sq ft)

Ancillary: 34.28 sq m (369 sq ft)

Terms:

Available by way of a new effectively fully repairing and insuring lease, by way of a service charge, for a term of years to be agreed incorporating regular upward only rent reviews.

Rent:

£60,000 per annum exclusive.

Rates:

Rateable Value: £42,750The above information was obtained from the Valuation Office website. Interested parties should make their own enquires of the billing authority (Cheltenham Borough Council 01242-262626) to verify the current rates payable.

VAT:

The rent is subject to VAT and other charges or payments detailed may also be subject to VAT. 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 in connection with the transaction.

Contact:

KBW Chartered Surveyors

01242 244744

enquiries@kbw.co.uk 

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