174 Cheltenham Road

Property Description

Location

Situated on the busy A38, the property is situated in a great position on Cheltenham Road, a bustling and vibrant area known for its diverse mix of independent businesses, shops, and eateries.

This high-footfall location offers excellent visibility and accessibility, making the property desirable to a range of various potential occupiers.

Description (Front Building)

174 Cheltenham Road is a prominent Grade II listed building that has undergone significant improvement over recent years.

The property has been repurposed from its original use to provide office and educational space which is arranged over ground, first and second floors.

Amenities

• Gas Central Heating
• Secure Car Park for 11 cars
• Partial Suspended Ceilings with inset lighting.
• Prominent Location
• WC’s on each floor
• Front and Rear entrances
• Fire Alarm system

Size & Floors

Basement                                                48.90 sq m             526 sq ft

Ground Floor                                         76.88 sq m              827 sq ft

First Floor                                               71.19 sq m               766 sq ft

Second Floor (limited headroom)      25.63 sq m            276 sq ft

TOTAL                                                222.60 sq m      2,395 sq ft

Description (Rear Building)

The rear building of 174 Cheltenham Road is a purpose-built educational facility offering mostly open plan accommodation over ground and first floors.

Given the open plan nature of the premises this lends itself to a variety of uses (subject to the necessary consents).

Amenities

• Gas central heating
• Large open plan space
• Reception Area
• First Floor Balcony
• Accessible WC on Ground Floor
• WC’s on each floor
• Attractive outside space
• Fire Alarm and emergency lighting
• Suspended ceilings with inset lighting.

Size & Floors

Ground Floor           212.20 sq m              2,269 sq ft

First Floor                147.72 sq m               1,590 sq ft

TOTAL                    357.92 sq m          3,852 sq ft

Terms

The landlord is seeking a new Full Repairing and Insuring lease. for a term to be agreed. Depending on financial strength of an incoming tenant a 3-6 month rental deposit may be required.

Rent

£125,000 per annum exclusive.  There may be a possibility for the front building and rear building to be let separately, and further details on application.

VAT

All figures are exclsuive of VAT.

Business Rates

At present the Property is currently assessed as an overall rating.  The property will need to be reassessed for rating purposes

Interested parties should make their own enquiries to the Local Billing Authority.

Legal Costs

Each party will be responsible for their own legal costs in connection with this transaction.

Anti-Money Laundering

Once Heads of Terms are agreed successful applicants will be required to provide relevant information to satisfy the AML requirements.

Energy Performance

Further details on application.

Control of Asbestos Regulations

Under the Control of Asbestos Regulations 2012, the owner or tenant, or anyone responsible for the property’s maintenance or repair, must comply with the regulations, including the management of any asbestos or asbestos-containing materials. Hootons has not tested or inspected for asbestos and makes no representation as to its presence. Interested parties should make their own enquiries and obtain specialist advice where appropriate.

Viewings & Further Information

Steve Cullis – 0117 933 9917 or steve@hootons.co.uk

OR

Ben Newton – 0117 933 9915 or ben@hootons.co.uk