SOLD

224 Bath Road, Cheltenham, GL53 7ND

Investment Cheltenham For sale 81.51 m2 (877ft2)

The property is a two-storey mid terraced building of rendered brick block construction with single glazed timber framed display window. Internally, the property is split to provide self-contained retail premises at ground floor level and a one-bedroom flat on the first floor.

The ground floor shop has been divided to provide an open plan retail sales area, with kitchen, WC facilities and further storage room to the rear.  In general, the retail premises has tiled floor coverings, emulsion painted plaster walls and ceilings with integrated halogen / LED spot lighting within the ceilings.

The premises also benefit from a wall mounted electric A/C heating and cooling system within the main retail sales area. The water and electric utilities are connected to the premises.

The first-floor flat accommodation is split to provide a living room at the front of the building with the bedroom situated directly behind it. The kitchen and bathroom are located to the rear of the flat close to the entrance door.

The flat has painted plaster walls and ceilings throughout with pendant lighting and is currently not heated however, hot water is provided via electric water heaters. There are separate water and electricity supplies from the retail premises.  The flat has a mix of single and double-glazed windows.

Tenancies

The retail unit is let to Hudson Rose for a period of 6 years expiring 3rd August 2028 at a rent of £15,000 per annum on an internal repairing and insuring basis. There is a tenant’s break clause 4th August 2025. Copy of the lease is available on request from agent. The first floor one bedroom flat is currently vacant.

EPC

Ground Floor Retail has a rating of D-85.

First Floor Flat has a rating of E-50.

Address and Location

Address :

224 Bath Road
Cheltenham
GL53 7ND

The property is situated fronting the south-eastern side of Bath Road whilst there is pedestrian access to the rear provided via Hermitage Street. The Property is located within the popular shopping area of Bath Road approximately ½ a mile south of Cheltenham town centre. Cheltenham Spa mainline railway station is located approximately 1¼ miles to the north-west.

Rates

The entry listed on the Valuation Office Agency website is:

Rateable Value: £14,500
Rate in the £ 2023/2024 0.499

The flat is listed in Band A for Council Tax purposes.

Accommodation

 

Property Size m2 Size ft2

Ground floor retail premises (Net internal area)

45.25 477
First floor flat (Gross internal area) 36.27

390

Total 81.51 877

 

Planning

The property has been used for general retail which falls within Class E (formerly Class A1) A5 and C3 of the Uses Classes Order 1987.

Terms

Terms

The property is offered freehold, subject to the occupational tenancy in place.

VAT

The property is not elected for VAT.

Costs

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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Investment Cheltenham For sale 81.51 m2 (877ft2) Price: £325,000

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