Retail premises to rent in Cheltenham GL50

£45,000.00 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 property is located in the heart of Cheltenham’s retailing area immediately opposite The Brewery development and close to established retailers including Poundland, McDonalds, Wilko, Luke and Urban Outfitters.

The adjacent footpath leads directly into St Mary’s Churchyard which is shortly to be redeveloped to provide the Cheltenham Minster Exchange.

A 3 storey (no access to second floor at present) substantial retail premises with first floor storage and staff facilities.

Approximate measurements and Net Internal Floor Areas
The available premises comprise the ground floor and first floors together with a second floor which currently has no stair access (uninspected by the agents).

Ground Floor
Shop 7.6 m x 18.5 m
providing a retail area of 140.87sq m (1,516 sq ft)
Rear Stockroom 22.97 sq m ( 247 sq ft)
Total Ground Floor Area 163.84 sq m (1,763 sq ft)

First Floor (accessed via rear internal staircase)
Stockroom 7.89 m x 7.57 m 59.37 sq m (639 sq ft)
Staffroom 4.71 m x 2.81 m 13.28 sq m (143 sq ft)
Total First Floor Area 72.65 sq m (782 sq ft)

Separate Ladies & Gents WCs.

Second Floor
Accessible via a hatch only (not inspected).

Subject to Contract
The premises are available to let on a new full insuring lease for a period of 10 years. The initial rent is to be £45,000 per annum subject to upward only review at the end of the fifth year of the term to a minimum figure of £48,000 per annum.

The property is not elected for VAT.


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