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Gloucestershire Business News

Thornbury House, 18 High Street, Cheltenham

Thornbury House has undertaken major refurbishment and a planning application for residential use has been submitted.

Thorbury House comprises a period mid terrace building planned on four floors, set back from the High Street behind a paved forecourt parking area. Rear garden with decking terrace. Bordering the River Chelt and overlooking Sandford Park. The lower ground floor is physically capable of being let separately.

A major programme of work undertaken to include upgrade of electrical and gas fired heating installations and new LED lighting. Improved insulation. Roof covering and windows overhaul. Internal redecoration and floor coverings. New kitchen and upgrades to WC and shower facilities.

EPC: The premises are a Listed building and consequently it is considered the EPC is not required.

Location:

The property is positioned in an easily found location at the East end of the High Street, facing Berkeley Square formal gardens and highly visible to the town centre Inner Ring Road. Close to local amenities including retail in the town centre.

Accommodation:

Approximate Net Internal Floor Areas:

This is laid out over four floors with access from a central staircase off an internal hallway. Internal access to lower ground floor which has its own front access.

Ground Floor

105.39 sq m (1,134 sq ft)

Large Reception office with 4 further offices including large meeting room with garden views.

First Floor

62.95 sq m (678 sq ft)

Central landing. Front boardroom and rear office. Kitchen with a range of units. WC facilities and shower.

Second Floor

72.68 sq m (782 sq ft)

2 main offices off a landing. WC facility.

Lower Ground Floor

64.26 sq m (692 sq ft)

3 main office areas. Internal lobby with kitchenette and storage. Access to the garden. Includes 11.4 sq m of storage.

Net Internal Area: 305.06 sq m (3,285 sq ft)

Gross Internal Area: 393.5 sq m (4,236 sq ft)

Planning:

May be suitable for residential or other use subject to obtaining planning permission. Residential use has been applied for under refs: 20/01777/lbc & 20/01777/cou

Reflecting the recent changes in Use Classes Order, the property would also be suitable for:

  • Financial & Professional Services
  • Food & Drink (mainly on the premises)
  • Business (office, research and development and light industrial process)
  • Non-residential institutions (medical or health services, crches, day nurseries and centres)
  • Assembly and Leisure (indoor sport, recreation or fitness, gyms)

Services:

All main services are available. Heating by way of gas fired boiler to radiators.

Business rates:

The premises are assessed for rating purposes at a Rateable Value of £26,250. Source: Valuation Office Agency website.

Lease terms:

The property is offered to let on a new lease for a period of years to be agreed on full repairing and insuring terms at a commencing rent of £60,000 per annum exclusive of outgoings. The rent will be subject to rent review on an upward only basis every five years. The lower ground floor is capable of being let separately at £10,500 per annum exclusive of outgoings.

Price:

Offers invited in the region of £695,000 with vacant possession on completion.

VAT:

To be confirmed.

Legal costs:

Each party will be responsible for its own legal costs arising in the transaction.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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