Grade A Office Accommodation, 95 Promenade, Cheltenham, GL50 1HH

95 Promenade is a prestigious office building that provides ‘Grade A’ accommodation. A comprehensive refurbishment programme was completed in late 2013.

The reception has been remodelled and modernised with new feature finishes. The property also benefits from two passenger lifts, secure basement car parking and male, female and disabled WC facilities.

The lower ground floor can be accessed either through the central core or through its own entrance fronting onto St Georges Road. The suite has been refurbished to include redecoration and new carpets.

Other occupiers in the building are Wiggin Osborne Fullerlove Solicitors and Higher Education Statistics Agency.

Location

The Promenade is Cheltenham’s best known and most impressive avenue. The property is located close to the junction with Imperial Square and Royal Well Road. The property forms the southern end of the terrace that includes the Municipal offices occupied by Cheltenham Borough Council. Neptune’s Fountain modelled on the Trevi Fountain in Rome and the Long Garden are situated to the front of the building.

There are excellent road links with junction 10 & 11 of the M5 motorway located about 4 miles to the west of the town centre providing direct access to Bristol and Birmingham. The A417/9 (dual carriageway) provides good access to the M4 motorway and London. Cheltenham has a regular train service to London Paddington (1 hour 55), Birmingham (40 mins) and Bristol (45 mins).

The Promenade provides the primary shopping area for the town which is renowned for its fashion houses. Major stores include House of Fraser, Laura Ashley, Waterstones and Jack Wills. There is also a good range of restaurants, cafes and bars within close proximity to the building.

Accommodation

2nd Floor - 8,377 sq ft

Terms

The offices are available on new Full Repairing and Insuring leases(s) for a term of years to be agreed, including 5 yearly rent reviews. The accommodation can be acquired as a whole, on a floor by floor basis or the 2nd floor can be subdivided.

RENT - £15.00 per sq ft

SERVICE CHARGE - £6.00 per sq ft (estimated for the year ending 2017)

ENERGY PERFORMANCE CERTIFICATE - The building has an overall energy performance rating of 69. A copy of the certificates for individual floors are available on request.

BUSINESS RATES/RATEABLE VALUE - £102,000. The information was obtained from the Valuation Office website. Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred in the transaction.

VALUE ADDED TAX - VAT may be payable on the rent and/or any other charges or payments details. All figures quoted are exclusive of VAT and intending lessees must satisfy themselves as to the VAT position by taking appropriate professional advice.

Specification