Retail premises for sale

142 Bath Road, Cheltenham GL53

The premises are located within the busy Bath Road Neighbourhood shopping area of Cheltenham which boasts a wide range of retail and serviced facilities.

Ground floor premises currently trading as Subway with vacant self-contained two storey apartment above.
Accommodation

Ground Floor
Retail Area
Internal Width - 4.34 m
Overall Depth - 23.70 m
Overall Floor Area 995 sq ft (92.40 sq m)

Basement Area 359 sq ft (33.30 sq m)

Flat
Access to the apartment can be gained via a hallway in the rear of the shop or externally via Clare Place. The accommodation includes:

Entrance Lobby with stairs up to Storage Area. Door to:
Rear Terrace
Kitchen 2.21 x 3.18 m with range of fitted units.
Lobby
Middle Hallway with stairs leading up
Front Living Room 4.41 x 3.74 m
Bathroom with bath/shower, WC and wash basin
Stairs from Hall leads to:
Landing
Front Bedroom 4.39 x 3.78 m
Rear Bedroom 4.40 x 3.19 m
Heating via electric night storage heaters installed and hot water via electric immersion heater.

The ground floor shop is let to Subway Realty Limited on a term of years that expired in 2020 since when the tenant has continued to holdover under the terms of the Landlord & Tenant Act 1954 paying a rent of £22,000 per annum. The tenant has indicated a desire to take a new lease of the premises through the franchisee of Subway. Further details available from the agent.

The flat is currently vacant.

Subject to Contract
Offers are invited to purchase the freehold interest, subject to the existing tenancy of Subway Realty Limited at a price based on £395,000.

The property is not elected for VAT.