Retail premises to rent in Winchcombe Street And Albion Street

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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 towns population is 115,000 people (source Office for National Statistics 2010). The town hosts several major international festivals for literature, music and national hunt racing.

The Regency Place development is located close to the town centre on the inner ring road, to the western side of Winchcombe Street, and on its junction with Albion Street.

Adjacent properties are predominantly in commercial use with occupiers including Cycle Republic, Papa Johns Pizza, Bathroom Village, Celestial Dragon Oriental restaurant, a Thai restaurant, ww Dowty photography, Twins Hair Studio, a-Plan Insurance, Masala Bites restaurant, Ladbrokes bookmakers, and a variety of independent and multiple retailers.

Cheltenham’s flagship John Lewis department store, due to open in late 2018, is located opposite the Albion Street elevation.

Regency Place is an exclusive, gated, private town centre development of 97 high specification homes and thirteen ground floor retail/A2 units, which has been inspired by, and designed to reflect, the classic architecture and history of Cheltenham Spa.

John Ryde Commercial are instructed to secure a tenant(s) for the parade of ground floor retail/A2 units.

The scheme comprises 11 separate retail/A2 units, some of which can be amalgamated, presented as shell ready for occupiers fit out, which may include the provision to install shop fronts. WC facilities have been installed to the majority of the units.

Please find an indicative floor plan overleaf, along with a table of approximate gross internal floor areas and quoting rent(s).

The units have consent for uses within Class A1 (Retail) and A2 (Financial & Professional Services) Uses.

The units are available, as a whole or in numerous configurations, on a new effectively full repairing and insuring lease(s), for a minimum period of five years.

The lease will contain 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 equal to six months’ rent may be required.

Please see the table on the PDF particulars which can be downloaded via the link below.

A service charge will be payable in respect of external maintenance and repairs, maintenance of common areas of the site, and the provision of services to the site.

It is expected VAT will be payable on the rent and other property related charges.

Property Features

Location

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