For sale

18 Regent Street, Cheltenham, GL50 1HE.

Retail Cheltenham For sale 179.64 m2 (1934ft2)

The property is a prestigious four storey Georgian, mid terraced Grade II Listed Building.
The ground, first and second floors are approached from a common entrance hall and stairwell.

The lower ground floor is approached from an external staircase behind iron railings which is accessed from Regent Street.

The ground and lower ground floors are presently let to The Coffee Dispensary; the ground floor is a coffee bar with seating to the front and serving counter to the rear and the lower ground floor is a cocktail bar ‘After Hours’ with a bar and seating areas.

The first and second floors are presently vacant and provide a mix of cellular and open plan accommodation which have most recently been used as a beauty salon. A kitchen and WC facilities are provided. located at ground floor and first floor mezzanine levels within the small rear wing.

Address and Location

Address :

18 Regent Street
GL50 1HE

The property is situated within the centre of Cheltenham fronting the east side of Regent Street which runs parallel north to south with The Promenade and linked to Regent Street via Ormond Place, a short road, partly pedestrianised and a thoroughfare linking the Promenade to the Regent Arcade Shopping Centre. Within the immediate area occupiers include, Tivoli Cinema, Kibou, The Find, Loakes Shoes and Decathlon which form part of the Regent Arcade Shopping Centre.


The Rateable Values currently appearing on the Valuation Office Agency website are:

Basement: £10,500
Ground Floor: £18,500
1st & 2nd Floor: £10,000

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.


(Approximate net internal areas)

Floor Size m2 Size ft2 Tenant Lease Terms Rent
Lower Ground 51.37 553 The Coffee Dispensary Ltd

For a period to expire 13th April 2027. The lease is full repairing subject to a service charge contribution.

£33,500 per annum.

A Rent Deposit equating to 3 months rent is held.

Ground 39.66 427 The Coffee Dispensary Ltd Let on the same lease terms as the lower ground floor. Included with the lower ground floor.
First 45.41 489


Second 43.20 433


Total 179.64



A copy of the lease agreement is available upon request.


The property has been used as a salon, cafe and bar which fall within Classes E and A4 of the Use Classes Order 1987.



The property is offered freehold subject to the occupational tenancy outlined in the Accommodation Schedule on the following page. The Coffee Dispensary have occupied space in the property since 2017, initially the ground floor with the lower ground floor leased at a later date.


The property is not elected for VAT.


Legal Costs

Each party to bear their own costs incurred in the transaction.

Property Disclaimer

ASH Chartered Surveyors for themselves and for the vendors or lessors of this property for whom they act, give notice that:

  1. these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;
  2. ASH Chartered Surveyors cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy;
  3. no employee of ASH Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;
  4. rents quoted in these particulars may be subject to VAT in addition; (v) ASH Chartered Surveyors will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; and
  5. the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.

Code of Practice for Commercial Leases in England and Wales

You should be aware that the Code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licenced conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations.

Money Laundering Regulations

As part of our obligations under the UK Money Laundering Regulations 2017, ASH will require any tenant/purchaser to provide proof of identity along with any other required documentation to satisfy anti-money laundering regulations.

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Retail Cheltenham For sale 179.64 m2 (1934ft2) Price: £495,000

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