Prime retail premises to rent at 41 Regent Arcade, Cheltenham
Cheltenham GL50 1JZ, UK
- Retail Use
Prime retail premises to rent at 41 Regent Arcade, Cheltenham.
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.
The premises provide the following approximate net internal floor areas:
Ground Floor Sales 947 sq ft 87.98 sq m
The premises are available on a new effectively full repairing and insuring lease for a term to be agreed.
Rental offers are sought on the basis of the rent being the higher of a base rent of £27,500 per annum or an agreed percentage of turnover (net of VAT), exclusive of service charge, business rates, insurance and VAT.
The service charge is currently £7,648 pa.
Available on request.
All figures quoted are exclusive of VAT.
Each party to be responsible for their own legal costs.
The premises have been entered into the 2017 Rating List as follows:
Rateable Value £32,250
UBR 2020/2021 49.9p
Interested parties are advised to make their own enquiries of the Local Billing Authority.
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.