£22,500 pa
(£15.91/sq. ft. pa)
Restaurant to let1 Albion Street, Cheltenham GL52
1,414 sq. ft
About this property
Well presented
Fully equipped and ready to trade
Fixtures & fittings available
Central location
Cheltenham is a Regency Spa town having a population of 118,800 (Office for National Statistics 2021), located approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway. Railway services are to London Paddington (2 hours 10 mins).
The town hosts several major international festivals for science, literature, music, and national hunt racing.
1 Albion Street is located to the North of the High Street on Cheltenham’s inner ring road, close to the junctions of Pittville Street and North Street, which link through to the High Street.
1 Albion Street comprises a semi-detached three storey building constructed of rendered elevations under a tile covered pitched roof.
Approximate measurements and Net Internal Areas
Internally, the available premises provides a well-presented restaurant and kitchen on the ground floor, with a function room and stores in the basement.
Function room: 32.92 sq m 354 sq ft
Store: 20.66 sq m 222 sq ft
Kitchen: 17.28 sq m 186 sq ft
Restaurant: 60.64 sq m 652 sq ft
Total: 131.50 sq m 1,414 sq ft
The separately accessed first floor provides residential accommodation, being a recently constructed bedsit and recently renovated two-bedroom flat, which could be available by separate negotiation.
Subject to Contract
The premises are available on a new effectively full repairing and insuring lease by way of a service charge provision, for a period of years to be agreed, at an initial rent of £22,500 per annum exclusive.
The lease will contain a provision for periodic upward only rent reviews and a rent deposit may be required.
An ingoing premium in the order of £30,000 is required for the fixtures and fittings including extraction system, freezers, fridges, cookers, crockery, cutlery, glassware and furniture. A full list of fixtures and fittings is available on request.
The property is elected for VAT.
The town hosts several major international festivals for science, literature, music, and national hunt racing.
1 Albion Street is located to the North of the High Street on Cheltenham’s inner ring road, close to the junctions of Pittville Street and North Street, which link through to the High Street.
1 Albion Street comprises a semi-detached three storey building constructed of rendered elevations under a tile covered pitched roof.
Approximate measurements and Net Internal Areas
Internally, the available premises provides a well-presented restaurant and kitchen on the ground floor, with a function room and stores in the basement.
Function room: 32.92 sq m 354 sq ft
Store: 20.66 sq m 222 sq ft
Kitchen: 17.28 sq m 186 sq ft
Restaurant: 60.64 sq m 652 sq ft
Total: 131.50 sq m 1,414 sq ft
The separately accessed first floor provides residential accommodation, being a recently constructed bedsit and recently renovated two-bedroom flat, which could be available by separate negotiation.
Subject to Contract
The premises are available on a new effectively full repairing and insuring lease by way of a service charge provision, for a period of years to be agreed, at an initial rent of £22,500 per annum exclusive.
The lease will contain a provision for periodic upward only rent reviews and a rent deposit may be required.
An ingoing premium in the order of £30,000 is required for the fixtures and fittings including extraction system, freezers, fridges, cookers, crockery, cutlery, glassware and furniture. A full list of fixtures and fittings is available on request.
The property is elected for VAT.
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