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Gloucestershire Business News

Stamford House, Regent Street, Cheltenham

A five storey Grade II listed office building with painted and rendered elevations under a dual pitched slate roof behind parapet wall.

Internally, the office accommodation benefits from gas central heating throughout, timber framed sash windows, CAT II fluorescent strip lighting and an 8-person passenger lift serving the ground to third floors.

The offices are mainly carpeted with chandelier style pendant lighting or incorporating a suspended ceiling with recessed fluorescent strip lighting.

Male and female WC's are located on lower ground and first floor level adjacent to kitchens with floor and wall mounted cupboards and stainless-steel sinks.

We understand that parking permits can be obtained for the Regent Arcade multi storey car park, which is adjacent to the subject premises.

EPC: The property has an energy performance rating of 107 (E).

A copy of the Energy Performance Certificate can be made available on request.

Location:

With a population of around 120,000, Cheltenham is an important regional centre within the heart of the Cotswolds.

The town serves an extensive catchment area and is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.

The town benefits from good transport connections to the Midlands and South West with Junctions 10 & 11 of the M5 motorway located approximately 4 miles to the west of the town centre providing direct access to Bristol and Birmingham.

The A417/0 provides good access to the M4 motorway and London. Cheltenham has regular train services to London Paddington (1 hour 55), Birmingham (40 mins) and Bristol (45 mins).

Stamford House is situated in the centre of Cheltenham within an established commercial area. Many of the towns shopping, leisure and cultural facilities are within close walking distance.

Accommodation:

Lower Ground: 45.11 sq m (486 sq ft)

Ground: 50.72 sq m (546 sq ft)

First: 47.05 sq m (506 sq ft)

Second: 63.37 sq m (682 sq ft)

Third: 64.26 sq m (692 sq ft)

Total: 270.51 sq m (2,912 sq ft)

In addition, there is a kitchen at first floor and lower ground level of 3.82 sq m (41 sq ft) and 8.36 sq m (90 sq ft) respectively.

Terms:

The whole building is available by way of a new effectively fully repairing and insuring lease for a term of years to be agreed subject to an existing lease on the third floor.

Further details on application. Lease to be 'contracted out'.

Rent:

£44,000 per annum exclusive.

Rates:

Each floor currently has a separate rating assessment, with a rateable value totalling £26,550.

Applicants are recommended to make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

Planning:

The building currently benefits from Use Class A1 (retail) and B1 (offices).

The building could suit a wide range of uses subject to planning (STP), all enquiries welcome.

VAT:

VAT may be payable on the rent and/or any other charges or payments detailed.

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

Code for Leasing Business Premises (2020):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property letting transaction.

Contact:

KBW Chartered Surveyors 

01242 244744

enquiries@kbw.co.uk 

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