Office for sale in Hatherley Lane, Cheltenham GL51

£450,000 (£708.66/sq. ft)
Office for sale 635 sq. ft*
Interested in this property? Call +44 1452 679901 * or Request Details

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Property description

The property comprises a Grade II listed building dating from the mid-19th Century and was originally the Lodge for Arle Court. It is of Cotswold stone construction under a stone tile roof and has a porch over the main entrance.

The office accommodation is over 2 floors with a bathroom and kitchen also provided. The offices have painted plastered ceilings and walls, carpet and they are heated by way of an oil-fired central heating system.

It is set within a mature landscaped site and the main access is from Hatherley Road.


Tenancy


The property is let to Richmond Care Villages Holdings Ltd for a term of 20 years from 29/06/17 on a full repairing basis. The passing rent is £30,000 per annum and the lease includes 5 yearly rent reviews to be based on the greater of market value and rpi. The landlord is responsible for paying the utilities and buildings insurance.

For the year ending 31/12/19, Richmond Care Villages Holdings Ltd reported a turnover of £30,978,000, pre-tax profits of £3,891,000 and shareholder’s funds of £59,390,000. They have a Creditsafe Rating of 67 which is deemed a ‘low risk’.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
ASH Chartered Surveyors, GL1 on +44 1452 679901 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by ASH Chartered Surveyors, and do not constitute property particulars. Please contact ASH Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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