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Retail Units & Shops

Gloucestershire

Cheltenham

property

Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

26 Regent Arcade High Street, Cheltenham, GL50 1JZ

Use Class

E(a)

Rent pa

£43,000

Market Sector

Shopping Centre

Description

The property is situated in a busy trading location located opposite the new Carluccio’s restaurant. Other nearby retailers include Druckers, Muffin Break, Bravissimo, The Body Shop, Schuh, Sunglasses Hut and BHS Department Store.

Location

Cheltenham is the major retailer destination for the Cotswolds and is well located only 4 miles from the M5 motorway. Regent Arcade is the main covered shopping centre in the town and is anchored by BHS, TK Maxx, River Island & H&M.

Key Information

Viewing

Strictly by appointment.

Accommodation

Areas

Sq.Ft

Sq.M

Ground Floor Sales

847

78.7

First Floor

183

Financial

Lease Type

New Lease

Lease Term

The property is available by way of a new 10 year full repairing and insuring lease subject to 5 yearly upward only rent reviews.

Rent

Subject to contract, rental offers are invited in the region of £43000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

£8,412.34 per annum

Rates

Rateable Year:

2017

Rateable Value:

£36,750.00

Rates payable:

£18,265.00

UBR:

49.7p/£

This Property is Part of a Shopping Centre

Regent Arcade

Regent Arcade is the main covered shopping centre in Cheltenham and links the High Street to the Promenade. It has over 60 stores, 6 eateries and parking for 528 cars. A comprehensive internal refurbishment of the scheme was completed in early 2010. The centre is anchored by Bhs and TK Maxx. Fashion led retailers include River Island, H&M, Schuh and Claire’s. Other leading names are Body Shop, Sony Centre, Sunglass Hut and Thorntons.

Cushman & WakefieldColliers

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.