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Gloucestershire Business News

Retail - 350 High Street, Cheltenham

The property comprises a ground floor retail unit benefiting from dual aspect and fully glazed elevations fronting the High Street. The property specification includes suspended ceiling, carpeting, a kitchenette, and WC.

Energy Performance Certificate: The property has been awarded an Energy Performance Asset Rating of C (55).

Location:

The Regency Spa town of Cheltenham supports a district population of approximately 110,000 and is Gloucestershire's premier retail town and a popular tourist destination providing a "gateway" to the Cotswolds.

The town benefits from good road communications via the M5 (Junctions 10 and 11). In addition, the A417 and A419 dual carriageways provide access to the M4. The town is approximately 9 miles east of Gloucester, 25 miles south of Worcester, and 42 miles north east of Bristol.

Accommodation:

All measurements are approximate Net Internal Areas.

54.65 sq m (588 sq ft)

Services:

We are advised that all main services are connected to the premises and confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

Planning:

We understand that the accommodation has planning consent for A1 (Retail) but all interested parties should make their own enquiries to the Planning Department of Cheltenham Borough Council.

Lease:

The accommodation is offered by way of a new full repairing and insuring lease, outside the security of tenure provisions of the 1954 Landlord & Tenant Act, for a term of years to be agreed.

Rent:

£8,000 per annum exclusive.

Business Rates:

Interested parties should make their own enquiries to the Local Authority to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the Rent. We recommend that the prospective tenants establish the implications before entering into any agreement.

Legal Costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

Alderking 

Vicki Grimshaw

01452 627131

vgrimshaw@alderking.com 

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