1 Montpellier Avenue, Cheltenham
1 Montpellier Avenue comprises a Grade II Listed end of terrace building constructed with stone fronted elevations to first floor surmounted by a parapet with the second floor constructed behind a mansard slate covered roof.
The Ground floor retains Corinthian pilasters surmounted by continuous frieze and dentil cornice.
The available premises comprises the ground floor and basement, which, internally, provides predominately open plan showroom space, with display windows to Montpellier Avenue and also return frontage display window.
The majority of the basement area is put to showroom purposes with some ancillary storage space to the front vault and a kitchenette and WC.
Energy Performance Certificate (EPC): The building is assessed at an energy efficiency rating of AWAITING CERTIFICATE. A copy of the certificate is available on request.
Cheltenham is a Regency Spa town having a population of 115,000 (source Office for National Statistics 2010), located approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway. Railway services are to London Paddington (2 hours 10 mins).
The town hosts several major international festivals for science, literature, music, and national hunt racing.
Montpellier is a nationally renowned Regency conservation area, comprising high quality specialist and convenience shops, service trades, restaurants and caf bars.
Occupiers in the vicinity include The Ivy Brasserie, Blushes Hair & Beauty, Greens Jewellers, Ask Restaurant, and All Bar One.
Approximate measurements and Net Internal Floor Areas
Main gross frontage 7.21 m
Return gross frontage 1.98 m
Internal width 9.25 m max.
Internal depth 5.43 m average
Ground Floor sales area 37.16 sq m (400 sq ft)
Lower Ground Floor
Showroom 37.90 sq m (408 sq ft)
Kitchen/ancillary storage 24.99 sq m (269 sq ft)
Total 100.05 sq m (1,077 sq ft)
The premises are assessed at a Rateable Value of £24,250. Source: Valuation Office Agency website.
The premises are available on a new lease for a period of years to be agreed. The lease will contain a provision for upward only rent reviews at every third anniversary of the lease and a rent deposit may be required.
Proposals are invited based on an initial rent of £33,000 per annum exclusive.
The tenant will be responsible for reimbursing the landlord a proportionate share of the cost of the annual building's insurance premium.
The property is elected for VAT.
Each party are to be responsible for their own legal costs incurred during this transaction.
RICS Code for leasing business premises:
A copy of the RICS Code for Leasing Business Premises is available on request, and can be located here: code-for-leasing_ps-version_feb-2020-1.pdf (rics.org)
It is advised that all parties take independent professional advice during a commercial lease transaction.
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