To let

Cheltenham - Lower Ground Floor, 3 Imperial Square

Office Cheltenham To let 98.66 m2 (1062ft2)

The property comprises a 19th century mid terraced Grade II* listed building. The premises are accessed via stone steps from the street at ground floor level. Internally the property is divided to provide a small retail sales area to the front which gives access to large kitchen and 3 further store areas including an office and WC facilities. The premises benefit from double loading door to the rear which gives assess to Imperial Lane. The retail unit also comes with two private parking spaces. 

Address and Location

Address :

Lower Ground Floor
3 Imperial Square
Cheltenham
Cheltenham
GL50 1QB

The property is situated within the centre of Cheltenham close to the Promenade and opposite the Town Hall. Imperial Square is recognized as one of the town’s premier office locations, being close to all central facilities. There are excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East. There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours. 

The property has an EPC rating of E-117. Certificate Ref No: 9990-9903-0358-0680-0050.

Rates

The Rateable Values listed on the Valuation Office Agency website are:

Ratable Value: £11,250
Rate in £ 2019/2020: 0.499

Accommodation

Approx. net internal floor area

Retail Area  30.28 sq m 326 sq ft
Room 1 23.13 sq m 249 sq ft
Room 2 11.33 sq m  122 sq ft 
Room 3 16.72 sq m 180 sq ft
Room 4 11.14 sq m 120 sq ft
Store Room 1&2 6.03 sq m 65 sq ft
Total 98.66 sq m 1,062 sq ft 

Planning

The property has consent for use as offices which fall within Class A1 of the Use Classes Order 1987.

Terms

Terms

A new lease is available for a multiple term of 3 years. Subject to upward rent reviews at three-yearly intervals.

VAT

The property is not elected for VAT

Costs

Service Charges

The tenant is to contribute towards a fixed service charge in respect of maintenance of the external fabric of the building and common areas. This charge will be set at £3,200 p.a. increasing annually by reference to the RPI.

Legal Costs

The Tenant is to responsible for both parties’ legal costs incurred in this 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.

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Office Cheltenham To let 98.66 m2 (1062ft2) Rent: £13,000

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