Cheltenham - Ground floor unit, 301-305 High Street, GL50 3HW

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. The property itself is located just off the High Street location on the fringe of the town centre opposite Cheltenham Spa Bowling Club and close to the High Street car park. It is a short distance from The Brewery leisure and retail development and Cheltenham’s best known retail road, The Promenade.

The assessment appearing on the Valuation Office Agency website is as follows:

The Rateable Value in the draft list from 1 st April 2023 is £24,000.

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

(Approximate net internal area)

The property has recently been used as offices which fall within Class E (previously Class B1) of the Uses Classes Order 1987. The property has potential for a variety of uses subject to the necessary consents being obtained.

Terms

The property is offered by way of a new lease for a term to be agreed.

VAT

The property is not elected for VAT purposes.

Service Charges

A charge may be levied to cover the costs of upkeep and maintenance of the communal areas.

Legal Costs

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

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.