Retail premises for sale in Cheltenham GL52

Guide price £225,000 < Back to search results

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Property Description

Cheltenham is an established retail centre, lying approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway. Railway services are to London Paddington (2 hours 10 mins). The towns population is 115,000 people (source Office for National Statistics 2010). The town hosts several major international festivals for literature, science, music and national hunt racing.

The premises are situated in Albion Street to the North of the High Street on Cheltenham’s Inner Ring Road, close to the junctions of Pittville Street and Winchcombe Street, which link through to the High Street.

Adjacent occupiers include a-Plan Insurance, Driving Theory Test Centre, John Lewis and a variety of independent and national retailers.

37 Albion Street comprises a three storey building of painted brickwork elevations under a sloped roof. Fronting Albion Street is a traditional timber frame shop front and UPVC access doorway.

Internally, the property comprises open plan trading area on the ground floor, stairs to the basement which provides additional space, along with a shower and WC facility.

The ground floor and basement present well and benefit from a mock slate laminate floor, tiled walls, inset LED spotlights, and modern electric radiators.

The separately accessed one bedroom first floor apartment also presents well and benefits from a large window to the Albion Street elevation, laminate flooring and an open plan living room and kitchen area.

Approximate Net Internal Floor Areas
Lower Ground Floor: 342 sq ft 31.76 sq m
Ground Floor: 323 sq ft 30.03 sq m
First Floor: 372 sq ft 34.52 sq m
total: 1,037 sq ft 96.31 sq m

A new commercial property Use Classes Order took affect on 1st September 2020, with a new Use Class “E” encompassing “Commercial, business and service uses”. Within Use Class E are retail and restaurant uses, along with gymnasiums, offices, light industry, financial services, and medical & health services.

Subject to Contract
The Vendor proposes to dispose of the Freehold interest on an unconditional basis, providing vacant possession to the purchaser on completion.

Proposals are invited based on £225,000.

The Landlord may consider granting a new full repairing and insuring Lease. Further details available on application.

It is understood the property is elected for VAT.

Property Features


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