You can access the local cloud drive by going to ~/Library/Mobile Documents/
Just open a finder window, and press Shift + Control + G and paste in "~/Library/Mobile Documents/" without the quotes.
That will open the locally stored iCloud Drive. You can also add that to the doc via this trick:
With a finder window active, press Shift + Control + G and paste in the following:
/System/Library/CoreServices/Finder.app/Contents/Applications/
You'll see a couple of other core Finder apps there which can also be added to your Dock.
Regarding your other question about deleting only the Cloud stored files, typically you wouldn't be able to do that. The iCloud drive is setup so that anything stored locally syncs to the cloud, and anything in the cloud, syncs locally, so deleting from one would delete from the other. I suppose you could always try clicking the local file and right clicking it, and selecting the "lock" option from the File Info window. (with the file highlighted, press Command + I and select the "Locked" checkbox). Note that I haven't tried this and there's no guarantee that it still wouldn't delete both copies, or sync the file right back to the cloud.