1 bed retail premises to rent

Albion Street, Cheltenham GL52

Midland Housing Ltd are very proud to present this excellent business opportunity located in the highly populated location of Albion Street, Cheltenham. The premises is used as a resturant and has a great deal of amenities due to its prime location. It would be an ideal opportunity as it is located within a busy Cheltenham area and outside bus routes as well as many stores nearby too. Location: The premises are situated within Cheltenham in Gloucestershire.

Albion Street is located to the North of the High Street on Cheltenaham's inner ring road, close to the juncations of Pittville Street and North Street, which link through to the High Street.

Planning: This has been trading as a restuarant for 36 years.
Restaurant 40 seater & basement function room 37 seater
Licensed restaurant

accommodation:
Internally, the building provides a well-presented restaurant on the ground floor and basement.

Approximate measurements and net internal areas
Restaurant demise: £1,414 sq ft (131.36 sq m)

lease: The property is available upon a new lease for a term of 5 years.

Rental: £23,000 pa (exclusive of rates) 3 months rent to be paid upfront Bills are excluded
Premium/goodwill £30,000 includes all fixtures & fittings, Plates to crockery’s.

Business rates & council tax:
The restaurant is assessed at a Rateable Value of £11,250.

VAT: The property is elected for VAT

To arrange a viewing contact a member of staff on Please note: We request a holding fee to secure the property and remove it from the market; this is then deducted from the tenant’s total move-in costs If the tenant decides to not go ahead during the initial stage, the holding fee will only be refunded if we are notified within 7 days, otherwise it is kept covering administration, aml and referencing costs. We also require a month’s advance rent and a month’s rent as a deposit as well as a homeowner guarantor. A security deposit of a minimum of one month's rental will normally be required. This deposit will be treated in accordance with the Tenancy Deposit Protection regulations, and you will be informed of which protection scheme is utilised. The deposit is held to cover damage, breakages, and any other liabilities under the terms of your tenancy agreement. Please note that under no circumstances can the deposit be used by the tenant to cover rent. Rents are normally quoted calendar monthly, and payable monthly in advance. The tenant is usually also responsible for Council Tax, Water Rates, Gas, Electricity and Telephone costs. All rents are payable by bank standing order to our company bank account or your landlord's bank account.