Property to rent
Property description & features
- Prime Retail
- Cirencester, "the gateway to the Cotswolds".
- New Lease
- Located in the heart of the town's primary shopping area.
- Double frontage onto Market Place and Cricklade Street.
- Versatile ground floor retail space with a usable basement.
Cirencester - "The Gateway to the Cotswolds," the prosperous market town of Cirencester, has a local population of around 40,000 residents. Positioned approximately 36 miles northeast of Bristol and 29 miles southeast of Gloucester, the town enjoys a strategic location. It boasts strong road connectivity, being equidistant from Junction 13 of the M5 motorway to the west and Junction 17 of the M4 motorway to the southwest.
The town is home to the Royal Agricultural University, founded back in 1845. This institution offers a range of land-based courses and attracts about 1,000 full-time students. Additionally, Cirencester College, situated nearby, caters to around 9,000 students. The presence of these educational establishments significantly contributes to the town's economic vitality, thanks to the substantial student expenditure they bring. Beyond its academic offerings, Cirencester also attracts tourists due to its rich historical sites, including the notable Church of St. John the Baptist and the Corinium Museum.
Situation - The property has a double frontage onto the southern side of the pedestrianized Market Place and the northern end of Cricklade Street. The surrounding vicinity has recently undergone substantial renovation and improvements to public spaces. These enhancements aim to both create a more relaxed traffic environment and establish a designated space for weekly markets.
The primary shopping hub of the town is situated on Cricklade Street. This area accommodates several well-known national retailers, including Boots, Costa, Mountain Warehouse, Waterstones, Body Shop, and Regatta. The Market Place area is well-suited for a diverse range of businesses, including retail brands such as Joules and Crew Clothing, financial institutions like NatWest, Barclays, and Santander, as well as coffee shops such as Caffe Nero and Starbucks. The town is also well-known for the strength of its independent retail scene, a factor that attracts large numbers of visitors.
Property - A Grade II listed bank building dating back to 1915-1916, crafted from Portland stone ashlar, this corner property boasts an exceptional double frontage onto the Market Place and Cricklade Street. The versatile ground floor retail space offers a highly flexible area with a large usable basement where the former strong room is located.
Accommodation - Property arranged over ground floor and basement. Measurements:
Ground - 1322 sqft
Basement - 563 sqft
Total - 1,885 sqft (NIA)
Rent - £60,000 per annum exclusive.
Business Rates - The property has a rateable value of £49,000 as of April 2023, which reflects a reduction from the previous list value. The rateable value also includes the first and second floor space which is not being let. The property will need to be re-rated.
Services - Mains electricity, water, gas, and drainage are connected to the property. Please note: We have not tested any equipment, appliances, or services in this property. Prospective purchasers are advised to conduct appropriate investigations before formulating their offer to purchase.
Terms - A new ten year lease.
Viewings - Viewings are strictly by appointment via the Tayler and Fletcher -[use Contact Agent Button].
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