Retail premises to let in 2C Regent Street, Cheltenham GL50

The premises occupy a central retail location in Regent Street in the heart of the town centre between the Promenade and Regent Arcade approximately 50 m from its junction with High Street. Nearby retailers including Marks & Spencer, EE, Beefy Boys, The Ultimate Party Shop plus various food and drink outlets.

The premises comprise a ground floor shop with glazed timber frame shop front.

Approximate areas and dimensions

Internal width at front 3.48 m
widening to: 5.16,6.3
Built depth 16.92 m
Sales 915 sq ft (85.0 sq m)
Office/store 154 sq ft (14.3 sq m)
Kitchen 63 sq ft (5.9 sq m)
Total 1,132 sq ft (105.2 sq m)

WC facilities are situated in the rear of the unit. A floor plan is available on request.

Services

It is understood that mains water, electricity and drainage are connected.

Business rates

The premises have a Rateable Value of £38,750. Source: Valuation Office Agency. See notes below.

Lease terms

The premises are offered to let by way of a new full repairing and insuring lease (by way of service charge). Period of years to be agreed and incorporating periodic upward only rent reviews. A rent deposit may be required. Subject to vacant possession.

Rent

Proposals are invited based on a rent of £37,500 per annum exclusive of outgoings.

Service charge

A service charge is payable to the landlord in respect of maintenance and upkeep of common parts of the property. Quarterly contribution of £450.