Prominent former bank premises with high street presence
Location and Description
Tetbury is an attractive and popular market town with an affluent local catchment area. It also draws visitors from throughout the UK and overseas as a result of its many antique shops and royal connections. The town enjoys good communication links via the A4135, A434 and A433 giving access to the nearby towns of Cirencester, Malmesbury, Nailsworth, Stroud and Dursley and also either Junctions 17 or 18 of the M4 as well as the larger conurbations of Bath, Bristol and Swindon. Cheltenham and Gloucester can also be easily reached to the north.
This prominent period property is located in the town centre on Long Street. The property, which was formerly a bank, is close to the main car parks in the town and benefits from being adjacent to free on street car parking as well as s pedestrian crossing close by. The unit is adjacent to the renowned Highgrove shop and nearby occupiers include multiple national chains and a variety of long established boutique retailers. The accommodation was previously configured to provide a large banking hall area on the ground floor together with several offices and meeting rooms.
The unit has been measured on a net internal basis in accordance with the RICS Code of Measuring Practice*:
Ground Floor Front sales area 1231 sq ft
Side Office 122 sq ft
Rear Office 116 sq ft
Rear sales and vault 350 sq ft
Rear kitchen/staff room 172 sq ft
Plus WC and additional storage
TOTAL 1991 sq ft
* All measurements approximate.
Tenure and Rental
The premises are offered by way of a new effectively Full Repairing and Insuring lease at an asking rent of £42,500 per annum exclusive for a term of years to be agreed. Consideration would be given to a sale by way of a new long leasehold.
The landlord will consider a variety of uses (subject to planning). The tenant will be responsible for all outgoings such as utility charges and Business Rates and will reimburse to the landlord the cost of building insurance.
Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T). Any intending purchasers or lessees should satisfy themselves independently as to VAT in respect of any transaction. However, the property is not currently elected for VAT and as such VAT is not charged on any potential payments.
Each party will be responsible for their own legal and administrative costs arising from any proposed transaction.
Energy Performance Certificate
Premises are exempt from EPC classification.
All mains services including gas are connected to the property. We have not tested any of the services supplied, so recommend that prospective tenants satisfy themselves that they meet their occupation requirements and meet current regulations.
We understand that there has been a long established use of the premises within Class A2 of the Use Classes (amendment) Order 2005 which permits uses such as banks and building societies, professional services (other than health and medical services) and including estate and employment agencies.
Planning enquiries can be directed to: Cotswold District Council, Trinity Road, Cirencester, Gloucestershire GL7 1PX. Tel: 01285 623000.
Strictly by appointment through the Sole Agents.
Contact Info: Andrew West
T: 07968 329 479