272-274 High Street, Cheltenham, GL50

The property comprises a 'double' ground floor retail unit with storage area and welfare facilities to the rear.

The property benefits from extensive High street frontage and a rear access for loading.

Please note, the upper parts of the property, comprising residential accommodation, are under separate ownership and do not form part of the demise.

SERVICES

Mains metered electricity, water and drainage are all connected at the property.

FLOOR AREA

1,957 sq ft (181.81 sq m)

PLANNING

It is considered that the premises would be suitable for general A1 (retail) uses.

Prospective tenants are advised to speak with the Local Authority for confirmation.

RENTAL

Upon Application.

All rentals etc are quotes exclusive of rates, service charge, water rates, VAT and all other outgoings, etc. Rental to be payable quarterly in advance.

LEASE TERMS

The property is available by way of new FRI type lease for a term of years to be agreed between the parties and incorporated upward only rental review at appropriate intervals.

SERVICE CHARGE

A variable charge is levied on the unit in order to cover the economic cost of the upkeep and maintenance and management, etc of common parts and facilities. Levied on a fair proportion basis.

POSSESSION

Full vacant possession can be offered to a new tenant upon completion of all legal formalities.

VAT

All rentals etc exclude the liability of VAT, which may be chargeable as an addition and at the appropriate rate prevailing.

LEGAL COSTS

Each party to pay for their own costs incurred in a transaction.

BUSINESS RATES

2017 Rateable value - £33,750

EPC

The property has an energy performance rating of C55.

LOCATION

Cheltenham is a large and affluent town within the Cotswolds, approximately 1 hours drive from Birmingham and 2 hours drive from central London, easily accessed from the M5 Motorway at junctions 10 and 11. The property itself is located in a busy high street location on the fringe of the town centre. Nearby occupiers include, Premier Inn Hotel, Poundland, Primark and Wilkinsons. Cheltenham has a total population of approximately 110,000 people and a retail catchment area understood to be in excess of 180,000.