11 Regent StreetCheltenham

GL50 1HE

T. 01242 244744E. enquiries@kbw.co.uk

W. www.kbw.co.uk

For Sale

147.9 sq m

(1,592 sq ft)

• Established restaurant and retail location adjacent to Everyman Theatre• Rarely available freehold opportunity on Regent Street

• Shop with residential above • Could combine with number 12 to benefit from planning consent for

conversion to Class A3 (Restaurant) use

T. 01242 244744E. enquiries@kbw.co.uk

W. www.kbw.co.uk

Location

With a population of around 120,000, Cheltenham is an important regional centre within the heart of the Cotswolds. The town serves an extensive catchment area and is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.

The property occupies a central location on Regent Street close to the town’s Promenade shopping parade, High Street and Regent Street entrance to the Regent Arcade Shopping Centre.

Disclaimer: KBW Property Limited for themselves and for the clients of this prop-erty for whom they represent give notice that: a) the particulars are for guidance only and do not constitute an offer or contract. b) all descriptions, dimensions, areas, comments on condition and references to planning consents and permitted uses, and other details referred to are given without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to their correctness by inspection or otherwise. c) no person employed by KBW Property Limited has any authority to make any representation of warranty whatsoever in relation to this property.

The location is popular with retailers, restaurants and cafes, with the subject property directly opposite House of Fraser department store and adjacent to the Everyman Theatre. Other nearby restaurants and

cafes includes Carluccio’s, Caffé Nero, Woodkraft, Domain 16 and The Find.

Public parking is available nearby within Rodney Road and Regent Arcade car parks.

Description

The building forms the end of a terrace of Grade II Listed regency period buildings in a popular position on Regent Street. No. 11 is a four-storey building with retail on the lower ground, ground and first floors and

self-contained residential apartment at second floor level.

There is listed building consent and planning consent for 11 & 12 Regent Street together for a change of use from retail use (Class A1) to a restaurant use (Class A3) together with the removal of an existing extension, erection of a new extension, provision of extraction equipment, replacement windows and internal alterations. Ref 18/00519/COURef 18/00519/LBC

11 Regent StreetCheltenham

GL50 1HE• Established restaurant and retail location adjacent to Everyman Theatre

• Rarely available freehold opportunity on Regent Street• Shop with residential above

• Could combine with number 12 to benefit from planning consent for conversion to Class A3 (Restaurant) use

T. 01242 244744E. enquiries@kbw.co.uk

W. www.kbw.co.uk

Disclaimer: KBW Property Limited for themselves and for the clients of this prop-erty for whom they represent give notice that: a) the particulars are for guidance only and do not constitute an offer or contract. b) all descriptions, dimensions, areas, comments on condition and references to planning consents and permitted uses, and other details referred to are given without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to their correctness by inspection or otherwise. c) no person employed by KBW Property Limited has any authority to make any representation of warranty whatsoever in relation to this property.

Guide Price

For the freehold of 11 Regent Street a guide price of £800,000. Vacant possession on completion.

Number 12 could also be available by way of a separate leasehold agreement.

Rates

The property currently has a number of assessments for rateable value as follows:

Basement 11 Front: £4,000Basement 11 Rear: £580Ground Floor 11: £12,750First floor 11: £4,950

Residential apartmentCouncil tax band: B

The above 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.

Accommodation

The approximate net internal floor areas are as follows:

Lower ground floor sales: 41.15 sq m (443 sq ft)Lower ground floor kitchen: 9.72 sq m (105 sq ft)Ground floor sales: 48.72 sq m (524 sq ft)First floor ancillary: 48.31 sq m (520 sq ft)

Total: 147.9 sq m (1,592 sq ft)

Plus a split level two bedroom apartment above, with approximate max dimensions as follows:

Living Room: 3.74 x 4.47 mKitchen: 3.05 x 3.68 mBedroom 1: 4.11 x 3.55 m Bedroom 2: 2.54 x 2.90 mBathroom: 2.65 x 3.67 m

Possibility to combine with 12 Regent Street on a separate lease, which would provide an additional 202.75 sq m (2,182 sq ft).

11 Regent StreetCheltenham

GL50 1HE• Established restaurant and retail location adjacent to Everyman Theatre

• Rarely available freehold opportunity on Regent Street• Shop with residential above

• Could combine with number 12 to benefit from planning consent for conversion to Class A3 (Restaurant) use

T. 01242 244744E. enquiries@kbw.co.uk

W. www.kbw.co.uk

Disclaimer: KBW Property Limited for themselves and for the clients of this prop-erty for whom they represent give notice that: a) the particulars are for guidance only and do not constitute an offer or contract. b) all descriptions, dimensions, areas, comments on condition and references to planning consents and permitted uses, and other details referred to are given without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to their correctness by inspection or otherwise. c) no person employed by KBW Property Limited has any authority to make any representation of warranty whatsoever in relation to this property.

As proposed to combine 11 & 12 Regent Street

11 Regent StreetCheltenham

GL50 1HE• Established restaurant and retail location adjacent to Everyman Theatre

• Rarely available freehold opportunity on Regent Street• Shop with residential above

• Could combine with number 12 to benefit from planning consent for conversion to Class A3 (Restaurant) use

Legal Costs

Each party to bear its own legal costs incurred in the transaction.

VAT

VAT may be payable on the purchase cost or any other charges or payments detailed. All figures quoted are exclusive of VAT and intending purchasers must satisfy themselves as to the VAT position by taking appropriate professional advice.

Viewing

By prior appointment with KBW or joint agent Hugh Wilkinson.

Ref: 021071

T. 01242 244744E. enquiries@kbw.co.uk

W. www.kbw.co.uk

Disclaimer: KBW Property Limited for themselves and for the clients of this prop-erty for whom they represent give notice that: a) the particulars are for guidance only and do not constitute an offer or contract. b) all descriptions, dimensions, areas, comments on condition and references to planning consents and permitted uses, and other details referred to are given without responsibility and intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves as to their correctness by inspection or otherwise. c) no person employed by KBW Property Limited has any authority to make any representation of warranty whatsoever in relation to this property.

11 Regent StreetCheltenham

GL50 1HE• Established restaurant and retail location adjacent to Everyman Theatre

• Rarely available freehold opportunity on Regent Street• Shop with residential above

• Could combine with number 12 to benefit from planning consent for conversion to Class A3 (Restaurant) use

For more information on our products and services:www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601

6011

50 metres

11 & 12 Regent Street, Cheltenham

Experian Goad Plan Created: 20/01/2020Created By: KBW Property

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