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Gloucestershire Business News

Retail - 28 St James Street, Cheltenham

The premises are a three-storey retail property with basement storage, ground floor sales area and first floor living or ancillary accommodation.

There is a small kitchen to the rear of the ground floor, along with additional storage space and access into the rear garden area. On first floor level is a bathroom and three rooms. The property is currently being refurbished.

EPC: The property has a current EPC rating of D (97). A copy of the full certificate is available upon request.

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 festivals attract many visitors throughout the year.

The subject premises occupy a central position on St James' Street, adjacent to the High Street and opposite St James' Street public car park. St James' Street is a one-way street just off the inner ring road connecting the High Street to Albion Street.

The new John Lewis department store opened in October 2018 just 200m away from the property.

Other nearby occupiers include: Classic Shoe Repairs, KoKo Hair Company, OMG! Pizza, Bath Store, Cats Protection Charity, Lashes, No. 10 Barber Shop and The Vine Public House.

Accommodation:

Internal Width: 5.68 m (18 ft 7 in)

Shop Depth: 4.16 m (13 ft 7 in)

Sales Area: 21.11 sq m (228 sq ft)

Ancillary Ground: 15.71 sq m (169 sq ft) plus kitchen

Ancillary First: 28.90 sq m (312 sq ft)

Basement Storage: 7.58 sq m (82 sq ft)

Terms:

The premises is available by way of a new fully repairing and insuring lease for a term of years to be agreed incorporating regular rent reviews.

Rent:

£12,000 per annum exclusive.

Rates:

Rateable Value: £5,200.

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.

Please note that a Tenant qualifying for Small Business Rate Relief will benefit from full rate relief under current legislation.

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 to be responsible for its own legal costs incurred in the transaction.

Contact:

KBW Chartered Surveyors

01242 244744

enquiries@kbw.co.uk 

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