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Gloucestershire Business News

Stirling House, College Road, Cheltenham

Stirling House is a Grade II listed period building providing three floors of open plan office accommodation with excellent natural light from three aspects and bay windows to the front and rear elevations.

The offices benefit from raised access floors, part suspended ceilings with recessed lighting, part wall and ceiling mounted lighting, thermostatically controlled radiators, a passenger lift, two kitchens and separate male and female and disabled WC facilities.

There is a car park to the rear which is accessed from College Road, adjacent to Sandford Park, with a minimum of 12 car parking spaces.

EPC: The building is listed and therefore believed to be exempt.

Location:

Cheltenham is a large spa town of the edge of the Cotswolds, famous for its Regency Architecture.

The town has good access to the motorway network with junctions 10 and 11 within 4 miles of the town centre.

The A417/9 provides easy access to Swindon and the M4 to London.

Stirling House is situated on the corner of College Road and High Street close to the inner ring road system and High Street shopping area.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor: 230.08 sq m (2,477 sq ft)

First Floor: 230.61 sq m (2,483 sq ft)

Second Floor: 234.26 sq m (2,522 sq ft)

Basement: 33.32 sq m (359 sq ft)

Total: 788.27 sq m (7,841 sq ft)

Existing leases:

Existing leases to Hacche Retail and Pages Creative expire on 31st August 2021.

Guide price:

£1.7 million for the freehold interest, subject to vacant possession.

Rates:

The building is currently split into three assessments. Rateable Values: Ground Floor: £24,000 First Floor & Basement: £28,500 Second Floor: £23,250

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.

Planning:

The building has an existing B1(a) use class for offices, now falling within the new 'Class E' use class which extends to other uses including medical, health, day nursery and certain leisure uses.

The building could also be suitable for conversion to residential use, subject to planning.

VAT:

VAT may be payable on the price 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 bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk 

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