£32,000.00 pa < Back to search results
The premises are located within the established retail centre of Cheltenham close to the Everyman Theatre, Marks & Spencer, Cavendish House, with adjoining food traders being Fat Toni’s Pizzeria, The Cheese Works, Whittle Taps, copa and The Old Courthouse.
The property comprises a 4 storey Grade II Listed building and has for many years been used as a restaurant/caf with liquor licence. There are basement storage facilities and a gas fired heating system is installed together with air-conditioning in the main customer areas.
Approximate Net Internal Areas
Build frontage 6.53 m
Shop frontage 3.4 m
Internal width 4.57 m
Ground floor build depth 8 m
Ground Floor restaurant/retail area 36.05 sq m (388 sq ft)
Kitchen preparation area 12.82 sq m (138 sq ft)
Lower Ground Floor
2 storerooms including racking and cold room for food storage (not tested), meter room, staff WC facilities with additional store having plumbing for washing machine facility.
Restaurant/Bar 39.2 sq m (422 sq ft)
3 separate rooms including former food preparation room
35.4 sq m (381 sq ft)
Customer WC facilities are located at the half landing between ground and first floors and first and second floors.
The property is not currently elected for VAT.
Subject to Contract
The premises are available to let by way of a new lease on a full repairing and insuring basis. The lease is to be granted for a term of 10 years or more at a commencing rental of £32,000 per annum with rent review to be at the end of every fifth year of the term on an upward only basis.
The premises have been used for over 30 years as restaurant/caf and this falls within the former Class A3 of the Use Classes Order now known as Class E.
The ingoing tenant may be required to pay a rent deposit equating to 6 months rent to be held by the landlord for the duration of the lease term.
RICS code for leasing business premises
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It is advised that all parties take independent professional advice during a commercial lease transaction.