Leisure/hospitality to rent in 292-294 High Street

£16,500.00 pa < Back to search results

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Under Offer

Property Description

Cheltenham is an established retail centre, located 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 town hosts several major international festivals for literature, science, music and national hunt racing.

292 - 294 High Street is centrally located, approximately 70 metres from the popular Brewery Quarter retail and leisure complex, and approx. 35 metres from a public car park.

Occupiers in the vicinity include McDonalds, Tesco Express, Wilkos, Greggs, Soho, Cosy Club, Hollywood Bowl, Nandos, Five Guys, Premier Inn, Prezzo, and Cineworld.

The available space forms the first floor of an end of terrace two storey building, providing flexible open plan space with the benefit of a return windows to the Ambrose Street elevation.

The premises provide predominantly open plan accommodation and a manager’s office, and feature suspended ceilings with recessed lighting, separate toilet facilities, and a dedicated access directly from the High Street.

Planning consent was obtained on 3rd September 2012 under reference number 12/01075/cou to change the use of the demise to a gym within Class D2 (Leisure) Use.

A further planning permission was obtained on 12th March 2020 under planning reference number 20/00183/condit to remove condition 2 (personal permission) within the original planning permission.

This action enabled the premises to benefit from an open planning permission to operate as a gym within Class D2 Use.

Subject to Contract
The premises are available on a new full repairing and insuring lease by way of a service charge provision, for a period of years to be agreed, and incorporating periodic upward only rent reviews. A rent deposit may be required.

Proposals are invited based on an initial rent of £16,500 per annum exclusive.

The tenant will be responsible for payment of a service charge on a proportionate basis, reimbursing the landlord for the costs incurred in maintaining, repairing, cleaning, decorating and servicing the exterior and common parts of the landlord’s holding, being 290 - 294 High Street.

The tenant will be responsible for reimbursing the landlord a proportionate share of the cost of the annual buildings insurance premium.

The property is elected for VAT.

Property Features


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