Cheltenham - Hall Floor Office Suite, 16 Imperial Square

The property is situated within the centre of Cheltenham close to the Promenade and opposite the Town Hall.  Imperial Square is recognised 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 current rateable value is £6,700.  

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

(Approximate Net Internal area)

Offices which fall within Class B1 of the Use Classes Order 1987.

Terms

Available by way of lease assignment or new lease for a term to be agreed. The current tenant’s internal repairing sub lease is available by way of lease assignment at the rent of £8,580 p.a. payable quarterly in advance. The lease expires 29th March 2019. The landlord is willing to consider an extension to this lease if required at the market rent (£10,150 p.a.).

VAT

The property is VAT registered.

Service Charges

Fixed at £2,901.33 p.a. to cover the landlords costs for maintaining the external areas, the structure/fabric of the building and decorations, including common entrance hall and staircase. The sum to increase annually by reference to the Retail Price Index. In addition, the tenant will be required to refund to the landlord a pro-rata occupied floor area proportion of the cost of heating and electricity to the ground, first and second floors, together with the landlords insurance costs for maintaining fire, special perils and loss of rent cover on the building.

Legal Costs

The ingoing tenant is to be responsible for both parties legal costs incurred in this 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.