Change of use potential of the upper floors (subject to consents)
Popular trading location in central Cheltenham, opposite Regent Aracde
Nearby occupiers include John Lewis, Marks and Spencer, Pret a Manger, Next, Lloyds Bank, Tesco Express and H&M
Lot 19
Auction 25th September 2024
Vacant Possession
Status Available
Guide* £525,000 - £550,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
8 miles north-east of Gloucester
Roads
M5, A40, A4019
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham Airport
Situation
Cheltenham is a large and historic Spa Town on the edge of the Cotswolds approximately 8 miles (13 km) north east of Gloucester and 35 miles (56 km) north east of Bristol. The property is well located in the heart of Cheltenham's busy and attractive centre, situated on the northern side of High Street, directly opposite the Regent Arcade. Nearby occupiers include John Lewis, Marks and Spencer, Pret a Manger, Next, Lloyds Bank, Tesco Express and H&M.
Tenure
Freehold.
Location
Miles
8 miles north-east of Gloucester
Roads
M5, A40, A4019
Rail
Cheltenham Spa Railway Station
Air
Bristol Airport, Birmingham Airport
Situation
Cheltenham is a large and historic Spa Town on the edge of the Cotswolds approximately 8 miles (13 km) north east of Gloucester and 35 miles (56 km) north east of Bristol. The property is well located in the heart of Cheltenham's busy and attractive centre, situated on the northern side of High Street, directly opposite the Regent Arcade. Nearby occupiers include John Lewis, Marks and Spencer, Pret a Manger, Next, Lloyds Bank, Tesco Express and H&M.
Tenure
Freehold.
Description
The property comprises a ground floor shop with separately accessed ancillary accommodation on the first floor. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with separately accessed ancillary accommodation on the first floor. The upper floors may be suitable for change of use subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Possession
Ground First
Retail Ancillary
89.50 53.60
(963) (576)
VACANT POSSESSION
Total
143.10
(1,539) (1)
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
