Available

To let

Cheltenham - Units 2 and 3 Frogmore House, 50 Regent Street

AVAILABLE JANUARY 2021

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Location: Cheltenham

Size: 224.53 m2 (2416.84 ft2)

Property Type: Retail

Sale Type: To let

Rent:£60000.00

Status: Available

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Description Location Accommodation Rates Planning Terms Costs

Description

The property comprises a corner terraced three storey building of rendered masonry construction under a slate tiled roof behind a parapet wall.

Unit 2 occupies a corner positon fronting both Ormond Place and Regent Street and comprises retail on ground and first floors with an additional office/store, kitchen and WC at first floor level.

Unit 3 fronts Regent Street, but is internally connected to Unit 2 and provides a ground floor retail unit with rear store and two WC's.

Internally the accommodation has been shop fitted to suit the occupiers, but includes laminate or timber flooring, emulsioned walls and ceiling with spot and fluorescent lighting. Heating is provided by electric heaters or cassette air conditioning units. There are wall mounted electricity and telephone points throughout.

Location: Cheltenham
Size: 224.53 m2 (2416.84 ft2)
Property: Retail
Type: To let
Rent: Â£60000.00 Per annum
Status: Available

Address and Location

Address :
Units 2 and 3 Frogmore House
50 Regent Street
Cheltenham
GL50 1HA

Location details:

The property is situated in the spa town of Cheltenham which has a population of approximately 110,000 and lies in the heart of the Cotswolds. There is 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. Regent Street is located in the centre of town running parallel North to South with the Promenade and providing secondary shop frontages for many niche traders, in addition to the rear elevation and access to Cavendish House (House of Fraser), the Everyman Theatre and rear entrance to Regents Arcade Shopping Centre.

Accommodation

The approximate net internal areas are as follows:

Unit 2
Ground Floor Retail	72.02 sq m	(775 sq ft)
Ground Floor Store	2.03 sq m	(23 sq ft)
First Floor Retail	61.01 sq m	(657 sq ft)
First Floor Office/Store and Ancillary	27.56 sq m	(297 sq ft)
Total	162.62 sq m	(1,752 sq ft)

Unit 3
Ground Floor Retail	45.27 sq m	(487 sq ft)
Ground Floor Store and Kitchen	16.64 sq m	(179 sq ft)
Total	61.91 sq m	(666 sq ft)

Rates

The entry currently appearing on the Valuation List is:

Rateable Value:	£58,500
Rate in £ 2020/2021:	0.512

Prospective occupiers are advised to make their own enquiries of the Local Authority to establish the position in respect of the inheritance of transitional relief.

Planning

The property has been used for general retail which falls within Class E of the Town & County (Use Classes) Order 1987 as amended September 2020.

Terms

The property is available by way of a new lease for a term to be agreed. Consideration will also be given to letting Units 2 and 3 individually, subject to terms.

VAT

The property is not elected for VAT.

Service Charges

A charge is levied by the Landlord to cover the costs associated with the upkeep and maintenance of the common areas.

Legal Costs

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

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Downloads

Units 2 & 3 Frogmore House.pdf Download Document

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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.â€

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.