St. Georges Vaults, 53 St. Georges Place, Cheltenham, GL50 3LA

Description
The property comprises the basement, ground, first and second floors of a three storey mid-terrace building with painted rendered elevations beneath a pitched roof.

Location
Located in the heart of Cheltenham in the county of Gloucestershire, 10.0 miles (16.0 kilometres) north east of Gloucester and 41.0 miles (66.0 kilometres) south of Birmingham.

The St Georges Vaults is situated fronting St. Georges Place in a mixed-use area, which is a short distance from High Street where operators such as The Royal Oak, The Montpellier Café The Crown Inn, and The White Hart are located.

Accommodation
Basement: The basement provides cellar and stores.

Ground Floor: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and benches for 41 customers. Ancillary areas include customer WC's and stores.

First Floor: The first floor provides the managers accommodation which comprises a bathroom, kitchen and living room.

Second Floor: The second floor provides additional managers accommodation comprising three bedrooms.

Externally: There is an enclosed customer area to the rear with seating on loose tables, chairs and benches for 57 customers.

Tenure
The property is held freehold (Title Number GR238514).

Tenancy
Entire property let to Tokenmark Limited on a lease expiring 14 October 2032 at a current rent of £34,572 per annum which is subject annual RPI increases with a collar of 2% and a cap of 4%. A rent deposit of £8,375 is held by the landlord.

Planning
The property is not listed but is situated within the Central (Cheltenham) Conservation Area.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

EPC
C - 66.

Terms
We are instructed to invite offers in excess of £450,000 (7.35% NIY) assuming the usual purchasers costs.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

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Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.