Retail premises to rent in Cheltenham GL50

£18,000.00 pa < Back to search results

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Under Offer

Property Description

The property is situated at the Southern end of Suffolk Parade in the retailing area now known as The Suffolks which adjoins Montpellier, the Montpellier District of Cheltenham. There is a wide variety of specialist retailers, restaurants and wine bars within Suffolk Parade and Suffolk Road.

The premises comprise a ground floor shop with traditional shop front together with rear sales area and additional basement sales/storage/consulting rooms following their last use within a Grade II Listed Building. The current planning consent provides for a mixed beauty salon, retail use and with ancillary caf.

Approximate measurements and Net Internal Floor Areas

Front Retailing area: 4.54 m x 5.91 m 26.9 sq m

Leading to:

Rear Sales area: 4.13 m x 5.1 m (max) 20.44 sq m
Shower room with shower, WC and wash hand basin.

Total Ground Floor Sales 47.34 sq m

Basement access from the rear ground floor area

Front Sales area: 4.23 m x 4.98 m 21.1 sq m
Rear Sales area: 4.04 m x 4.22 m (max) 16.2 sq m
Vaulted store: 1.01 m x 3.11 m 3.1 sq m

Subject to Contract
The premises are offered to let on a new lease for a term of 10 or 12 years on an internal repairing basis with the tenant to be responsible for 50% of the insurance premium payable for the entire property and payment of a service charge of £1,500 per annum towards the external property maintenance. The tenant is for responsible for payment of its own bills for electricity, gas, water and business rates.

The commencing rental is to be £18,000 per annum exclusive of rates payable quarterly in advance on the usual quarter days. The rent to be reviewed at the end of every fifth year of the lease term.

The property is not currently elected for VAT.


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