For sale

The Daffodil, 18-20 Suffolk Parade, Cheltenham GL50 2AE

Retail Cheltenham For sale 570.72 m2 (6143ft2)

Landmark restaurant building with potential for a range of alternative uses, including residential, medical, leisure and healthcare.  Available freehold with vacant possession.

Planning permission has been obtained for conversion to a single dwelling, and a scheme has been prepared comprising 2 town houses, 3 mews houses with communal space, and 2 coach houses to the rear – an application has not been submitted.

The Daffodil is an Art Deco building situated in The Suffolks, Cheltenham, dating from 1922. It was originally constructed as a cinema and was subsequently converted for restaurant use. The property is of red brick construction, with rear access from Montpellier Retreat leading to a rear courtyard and yard area.

The property is entered via a barrel-vaulted foyer with an arched ceiling, retaining a number of original Art Deco features including pendant light fittings, porthole mirrors, and stained and leaded glass panels. Twin curved staircases rise from the foyer to a mezzanine gallery level. The foyer includes fixed seating and a bar/servery counter to the rear. 

The principal space is suitable for restaurant, bar, or events use across its ground and gallery levels. Further back-of-house, preparation, and ancillary space is provided at ground and basement level. 

The property includes a commercial kitchen fitted with stainless steel preparation and cooking equipment and overhead extraction canopies. Fixtures include stainless steel worktops, prep tables, cooking ranges, and a separate wash-up area with stainless steel counters, sink, and shelving.

It provides further ancillary accommodation at basement level, including storage rooms and cold stores. The premises also include admin offices and staff and customer WC facilities.

The property has an EPC Rating of D-84.

External 3D tour available here.

Address and Location

Address :

The Daffodil
18-20 Suffolk Road
Cheltenham
Cheltenham
GL50 2AE

The Regency Spa town of Cheltenham, which supports a district population of approximately 115,000, is one of Gloucestershire’s principal commercial and administrative centres with major occupiers including Zurich, Capita, GCHQ, GE Aviation, Super Dry Group and Spirax Sarco. The town benefits from good local and regional road communications via the M5 (Junctions 10 and 11).  In addition, the A417/A419 northeast link provides access to the M4 (Junction 15) at Swindon. The town is approximately 9 miles (14.5 km) east of Gloucester, 25 miles (40 km) south of Worcester, 42 miles (67.5 km) northeast of Bristol and 100 miles (161 km) northwest of London. The property is situated in a prominent position on Suffolk Parade, at the heart of The Suffolks area of Cheltenham — one of the town's most sought-after and characterful districts, comprising a mix of specialist retailers, restaurants, bars and residential properties.

Rates

The Rateable Value listed on the Valuation Office Agency website is £70,000.

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

Accommodation

(Approximate net internal areas)

Ground Floor  m2  ft2
Restaurant 163.58 (1,761)
Kitchen 70.70 (761)
Storage 79.42 (855)
Sub Total 313.70 (3,377)
     
First Floor  m2  ft2
Retail area 148.3 (1,596)
Storage 7.5 (81)
Sub Total 155.80 (1,677)
     
Second Floor  m2  ft2
Offices/storage 21.98 (237)
     
Basement    
Storage 79.24 (853)
     
TOTAL 570.72 m2 6,143 ft2

The total gross internal area is circa 650.30 m2 (7,000 ft2).

The site area extends to approximately 0.054 hectares (0.134 acres).

 

Planning

The property has been used as a restaurant which falls within Class E of the Use Classes Order 1987. The property is locally listed and lies in a Conservation Area. Planning permission has been obtained for conversion to a single dwelling, and a scheme has been prepared comprising 2 town houses, 3 mews houses with communal space, and 2 coach houses to the rear – an application has not been submitted.

Terms

Terms

The property is offered freehold with vacant possession. Consideration will be given to conditional and unconditional offers.

VAT

The property is elected for VAT.

Costs

Legal Costs

Each party to bear their own legal 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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Retail Cheltenham For sale 570.72 m2 (6143ft2) Price: £1,600,000

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