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Gloucestershire Business News

Second and third office suites, 12 Imperial Square, Cheltenham

The property comprises a 19th century mid terraced Grade II* listed building.

The office suite which has just undergone extensive refurbishment works, extends to the second and third floors of the building, provides modern designed space with reception and 3 smaller front offices on the second floor, linked by a spiral staircase to an attractive open-plan office area and roof access to a patio area located behind the front parapet wall. LED lighting and data cabling.

There are 2 allocated car parking spaces to the front of the building.

Location details:

The property is situated within the prime office location of Cheltenham town centre, overlooking Imperial Square, the Town Hall and within a couple of hundred yards of the Promenade.

There are excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.

There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours.

Accommodation:

(Approximate Net Internal area)

Office 1: 30.56 sq.m. (329 sq.ft.)

Office 2 A: 7.61 sq.m. (82 sq.ft.)

Office2 B: 3.90 sq.m. (42 sq.ft.)

Office 2 C: 8.91 sq.m. (96 sq.ft.)

Office 3: 32.98 sq.m. (355 sq.ft.)

Store: 1.48 sq.m. (16 sq.ft.)

Kitchen: 4.64 sq.m. (50 sq.ft)

Total: 90.11 Sq.m. (970 sq.ft)

Rates:

The current rateable value is £10,500.

Prospective occupiers are advised to check with the Local Authority to establish any transitional relief that may be applicable.

Planning:

Offices which fall within Class B1 of the Use Classes Order 1987.

Terms:

New lease available for multiple terms of 3 years, subject to upward rent reviews at 3 yearly intervals. Rent: £12,500 p.a.

VAT:

Under the Finance Acts 1989 and 1987, VAT may be levied on the rent. 

We recommend that prospective tenants establish the VAT applications before entering into any agreements.

Service charges:

The landlord recovers by way of service charge assessed at 40% of the total cost of maintenance, lighting and cleaning of the common parts, maintenance of the fire alarm system, refuse collection, water rates and general property maintenance. 

The service charge currently runs at a figure of £3,500 p.a. increasing annually reference to the Retail Price Index.

Legal costs:

The ingoing tenant is to be responsible for both parties' legal costs incurred in this transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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