Retail premises to rent in Cheltenham GL50

£30,000.00 pa < Back to search results

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Property Description

Cheltenham is an established retail centre lying approximately 100 miles to the West of London midway between Bristol and Birmingham, adjacent to J11 of the M5 motorway with dual carriageway access to London via the A417/A419 and M4 motorway.

5 Ormond Place is located at the Regent Street entrance to the Regent Arcade, adjacent to Cheltenham’s renowned Promenade and Montpellier districts, with occupiers in the vicinity including Tony & Guy Hair Salon, Loakes Shoes, Beards Jewellers, Molton Brown and Cavendish House department store.

A two storey Regency-style building with rendered elevations under a flat roof. An attractive timber framed shop front is installed with recessed double access doorway, and there are two sash windows to the first floor.

Approximate Net Internal Floor Areas

Ground Floor 405 sq ft 37.65 sq m

Exposed wooden floorboards throughout, track spot lighting and pendant lamps, wide timber staircase to first floor.

First Floor 340 sq ft 31.54 sq m

Total 745 sq ft 69.19 sq m

Subject to Contract
The premises are available by way of an Assignment of the existing Lease or possibly surrender and grant for a new lease.

The existing lease is a full repairing and insuring Lease expiring 25th September 2023. The rent passing is £30,000 per annum exclusive of rates.. The lease is within the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

The flat roof is excluded from the Tenant’s repairing responsibilities and the Tenant installed shop front, staircase, and WC facility are not subject to reinstatement at the end of the Lease term.

The Lease prohibits use of the premises as a hair and/or beauty salon.

Location

Bird Eye View