Retail premises to rent in Cheltenham GL50

£11,500.00 pa < Back to search results

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Under Offer

Property Description

Cheltenham is a Regency Spa town having a population of 115,000 (source Office for National Statistics 2010), 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 science, literature, music, and National Hunt racing.

The subject premises is located in the town centre and fronts the inner ring road. It is adjacent to a bus stop, with Cheltenham’s Royal Well bus station approximately 140 metres distant.

Occupiers in the vicinity include Sue Ryder, Yates public house, The Clarence Social bar & restaurant, Spice Exchange restaurant, Revolutions cocktail bar, Chameleons hair salon, a nail bar, Cocoa Couture Bridal Wear, and Wagamama.

The premises comprise a ground floor retail premises with rear store/tea point and WC facility.

Approximate measurements and Net Internal Floor Areas:

Retail Area: 15.40 x 2.67 (ave) = 41.12 sq m 443 sq ft
Store: 2.97 x 2.03 = 6.03 sq m 65 sq ft
Net Internal Area: 47.15 sq m 507 sq ft

Amendments to the 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 premises are available on a new internal and shop front repairing lease, for a period of years to be agreed.

The lease will allow for periodic upward only rent reviews, and will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

A rent deposit may be required.

Proposals are invited based on an initial rent of £11,500 per annum exclusive.

The property is not elected for VAT.

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