Unit 2 and 3 Frogmore House, 50 Regent Street, Cheltenham
Available from January 2021
The property comprises a corner terraced three-storey building of rendered masonry construction under a slate tiled roof behind a parapet wall.
Unit 2 occupies a corner position fronting both Ormond Place and Regent Street and comprises retail on ground and first floors with an additional office/store, kitchen and WC at first floor level.
Unit 3 fronts Regent Street but is internally connected to Unit 2 and provides a ground floor retail unit with rear store and two WC's.
Internally the accommodation has been shop fitted to suit the occupiers, but includes laminate or timber flooring, emulsioned walls and ceiling with spot and fluorescent lighting.
Heating is provided by electric heaters or cassette air conditioning units. There are wall mounted electricity and telephone points throughout.
The property is situated in the spa town of Cheltenham which has a population of approximately 110,000 and lies in the heart of the Cotswolds.
There is 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.
Regent Street is located in the centre of town running parallel North to South with the Promenade and providing secondary shop frontages for many niche traders, in addition to the rear elevation and access to Cavendish House (House of Fraser), the Everyman Theatre and rear entrance to Regents Arcade Shopping Centre.
The approximate net internal areas are as follows:
Ground Floor Retail: 72.02 sq m (775 sq ft)
Ground Floor Store: 2.03 sq m (23 sq ft)
First Floor Retail: 61.01 sq m (657 sq ft)
First Floor Office/Store and Ancillary: 27.56 sq m (297 sq ft)
Total: 162.62 sq m (1,752 sq ft)
Ground Floor Retail: 45.27 sq m (487 sq ft)
Ground Floor Store and Kitchen: 16.64 sq m (179 sq ft)
Total: 61.91 sq m (666 sq ft)
The entry currently appearing on the Valuation List is:
Rateable Value: £58,500
Rate in £ 2020/2021: 0.512
Prospective occupiers are advised to make their own enquiries of the Local Authority to establish the position in respect of the inheritance of transitional relief.
The property has been used for general retail which falls within Class E of the Town & County (Use Classes) Order 1987 as amended September 2020.
The property is available by way of a new lease for a term to be agreed. Consideration will also be given to letting Units 2 and 3 individually, subject to terms.
The property is not elected for VAT.
A charge is levied by the Landlord to cover the costs associated with the upkeep and maintenance of the common areas.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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