Bank House, 15-21 Clarence Street

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Key Points

Summary

LEASEHOLD - Attractive Public House in Affluent Spa Town for sale on behalf of JD Wetherspoon

Description

The Bank House comprises a three storey period mid-terraced building under a pitched roof. To the front of the property is a small area used as external seating held by way of a pavement licence for approximately 28 customers.

Ground Floor: Trading accommodation with central bar servery and seating on loose tables and chairs. A disabled WC is also located at this level.

Basement: Ladies and gentlemen’s customer WC’s, cellar and stores.

First Floor: The first floor provides additional trading space with a further bar servery.

Second Floor: The second floor includes a trade kitchen, managers office, staff room and additional storage. There is also a disused managers flat which is used as additional storage.

Location

Cheltenham is an affluent spa town situated on the western boundary of the Cotswolds AONB. The town is situated approximately 25.0 miles south of Worcester and 43.0 miles north east of Bristol. The town is well serviced by public transport with Cheltenham train station offering rail services via the CrossCountry and GWR networks. Cheltenham also benefits from its coach station and is in close proximity to the M5 motorway linking Birmingham to Exeter.

The Bank House occupies a prominent roadside position on Clarence Street (A46) with Cheltenham Spa train station 1.3 miles to the west.

The surrounding area is predominantly commercial with nearby occupiers including John Lewis, Taco Bell, Revolution and Primark.

Tenure

Held on a lease expiring 11th January 2036 at a current rent of £157,100 per annum subject to an upwards only review on 12th January 2026.

Rateable Value & EPC

2017 Rateable Value - £150,000.

EPC - C-72

Premises Licence

The property benefits from a premises licence permitting the sale of alcohol until 01:00 Monday to Sunday.

Trading Information

Historic trading information may be available to interested parties upon written request.

Fixtures and Fittings & Stock

Fixtures and fittings with the exception of all tills, IT equipment, leased and branded items can be included as part of the sale should they be required.

Stock will be removed from the premises prior to completion.

Viewings & Terms

Interested parties are asked to undertake discreet customer visits in the first instance. No formal viewings will be permitted unless arranged through the joint selling agents Savills and CBRE. Under no circumstances should any direct approach be made to any of our clients staff.

Offers are invited for the benefit of our clients leasehold interest.

To see further available JD Wetherspoon Public Houses across England, Scotland and Wales please visit: www.jdwdisposals.co.uk