The property comprises a Grade II* listed mid terrace building over four storeys.

The ground floor is open plan in an L-shape, with windows to the front and rear and is currently occupied by Spring Art Gallery. 

There is a glazed timber shop front with a width of over 5 metres. The basement is currently occupied by Nu-Clear skin studio and comprises a waiting area, two treatment rooms and separate WC and kitchenette.

A separate ground floor door from the rear provides access into the apartment. The ground floor provides a hallway and WC, the first floor comprises a small double bedroom, kitchen / diner and large living room. The second floor comprises two double bedrooms, one with en-suite, and the main bathroom.

Lease:

The ground floor and basement is currently held on a single internal repairing, insuring and decorating lease to Nu-clear Ltd (company no. 13096803).

The lease expires April 2031, and the current rent passing is £26,000 per annum exclusive rising to £28,500 per annum exclusive in April 2024.

There is an upward only rent review in April 2025. Tenant options to break in April 2024 and April 2027. The lease is contracted inside the Landlord and Tenant Act 1965.

The residential apartment is held on a rolling basis at an additional rent of £1,190 per calendar month (£14,280 per annum).

EPC:

Ground & Basement: C (55)

Apartment: E (53)

Location:

Montpellier is a district of Cheltenham situated at the end of the Promenade on the south side of the town centre. Originally developed in the 1830's in conjunction with the Spas, it is now known for its bars, cafes, restaurants and a range of specialist shops.

The subject premises is located on Rotunda Terrace, fronting Montpellier Street. Other nearby traders include Rossiter Books, Tonic Beauty, Chaplais Kitchen, All Bar One and The Ivy Montpellier Brasserie.

Accommodation:

The approximate Net Internal Floor Area (NIA) for the ground floor and basement are as follows:

Ground Floor Sales: 40.13 sq m (432 sq ft)

Basement: 41.36 sq m (456 sq ft)

Total: 82.5 sq m (888 sq ft)

There is also a 3-bedroom apartment on the first and second floors with approximate maximum dimensions as follows:

Ground Floor

Entrance and WC: 2.81m x 2.58m

First floor

Bedroom 3: 2.81m x 2.58m

Kitchen / Diner: 4.73m x 2.89m

Lounge: 6.23m x 5.07m

Second floor

Bedroom 1: 3.72m x 5.05m

En-suite: 2.37m x 1.46m

Bedroom 2: 4.81m x 3.02m

Bathroom: 2.39m x 2.13m

Price:

£750,000

Terms:

Available freehold subject to the existing commercial lease and residential assured shorthold tenancy.

Rates:

Rateable Value (Commercial): £18,000.

Council Tax Band (Residential): C

The above information was obtained from the Valuation Office website. Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

VAT:

VAT may be payable on the price, or any other charges or payments detailed. All figures quoted are exclusive of VAT and intending purchasers must satisfy themselves as to the VAT position by taking appropriate professional advice.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk