Prime retail premises to rent at 37 to 38 Regent Arcade, Cheltenham

Cheltenham GL50 1JZ, UK

Facilities
  • Retail Use
Description

Prime retail premises to rent at 37 to 38 Regent Arcade, Cheltenham.
Location
Regent Arcade forms part of Cheltenham’s prime pitch, connecting the High Street with the Promenade. It sits opposite Marks & Spencer and close to a new 115,000 sq ft John Lewis store. The centre provides 205,000 sq ft of trading space with an integral 500+ space car park.
National and independent occupiers trading from Regent Arcade include H&M, TK Maxx, Topshop, Tiger and new arrival Kibou Japanese Kitchen. A Tivoli boutique cinema is due to open in Q4 2020 with four studios, a Directors Screening Room and 100-cover café lounge.
Accommodation
The premises provide the following approximate net internal floor areas:
Ground Floor Sales 1,603 sq ft 148.92 sq m
Terms
The premises are available on a new effectively full repairing and insuring lease for a term to be agreed.
Rent
Rental offers are sought on the basis of the rent being the higher of a base rent of £56,750 per annum or an agreed percentage of turnover (net of VAT), exclusive of service charge, business rates, insurance and VAT.
Service Charge
The service charge is currently £13,002 pa.
EPC
Available on request.
VAT
All figures quoted are exclusive of VAT.
Costs
Each party to be responsible for their own legal costs.
Rating Assessment
The premises have been entered into the 2017 Rating List as follows:
Rateable Value £66,750
UBR 2020/2021 51.2p
Interested parties are advised to make their own enquiries of the Local Billing Authority.
Planning
The premises benefits from a new E use class (commercial, business and service) including retail, financial & professional services, restaurant, office indoor sports, medical and nursery uses. Interested parties are advised to make their own enquiries of the Local Planning Authority.

Area
1603 sq ft
Security Shutters
No
Use
A1 (Retail)
Location
City/Town Centre
Minimum Availability
12 Months
Price per annum
£56750
Location
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