Retail premises to rent in Cheltenham GL50

£31,000.00 pa < Back to search results

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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 property occupies a central, fashionable and vibrant location towards the Northern end of Regent Street close to the junction with Cheltenham’s prime High Street. Nearby occupiers include Cavendish House, Whittles Tap, Reed Employment, JoJo Maman Bebe, Cheeseworks, Everyman Theatre and other retailers and food and drink businesses.

2 Regent Street comprises a mid terrace period property, Grade II Listed, previously fitted out and arranged as a hairdressing salon on ground and first floors, with further accommodation at lower ground and second floor levels. Significant expenditure has been incurred in high standard renovation in recent years.

Approximate Net Internal Areas
Ground Floor 32.89 sq m (354 sq ft)
Internal width at the front 6.55 m
Internal shop depth 7.44 m
WC provision on this level.

First Floor Sales 37.63 sq m (405 sq ft)
Including full width front room 6.54 m x 3.66 m
Rear room 4.53 m x 3.2 m

Second Floor 34.84 sq m (375 sq ft)
2 rooms 4.53 m x 3.31 m
3.92 m x 3.75 m & 2.61 m x 2.50 m

Lower Ground Floor 32.89 sq m (354sq ft)
Open plan space plus boiler room with two substantial hot water heaters, kitchen area and w c and hand basin.

Subject to Contract
The premises are available by way of an Assignment of the existing full repairing and insuring Lease, which expires in November 2027.

The rent passing is £31,000 per annum exclusive and there is a Tenant only break option at the fifth anniversary of the term, likewise an upward only rent review.

The Lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II, and, subject to the status of the Assignee, a rent deposit equal to six months rent may be required.

Alternatively, subject to status and Landlord’s approval, a new lease may be available subject to agreeing terms directly with the Landlord.


VAT


The property is elected for VAT.

Property Features

    Location

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