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Gloucestershire Business News

12 Montpellier Walk, Cheltenham

The property forms part of an attractive terrace of Grade II* Listed Regency buildings constructed from Ashlar limestone under a slate roof.

The premises benefit from dual frontage, the principal one being on Montpellier Walk overlooking the gardens and a secondary frontage to Montpellier Street.

EPC: The property is listed and believed to be exempt.

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 benefits from dual frontage to Montpellier Walk and Montpellier Street.

Other nearby traders include Charles Clinkard Shoes, Neal's Yard Remedies, And So To Bed, Mandarin Stone, Harvey Jones Kitchens, Blushes Hair Salon, All Bar One bar/restaurant and The Ivy Montpellier Brasserie.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor Sales: 33.6 sq m (362 sq ft)

First Floor Sales / Ancillary: 29.5 sq m (318 sq ft)

Basement Ancillary: 31.3 sq m (337 sq ft)

Total: 94.4 sq m (1,017 sq ft)

There is a one-bedroom apartment on the second and third floors with approximate maximum dimensions as follows:

Second Floor Lounge 4.3 m x 3.1 m

Kitchen / Diner 3.1 m x 5.16 m

Third Floor Bedroom 5.7 m x 3.29 m

Bathroom 2.7 m x 1.74 m

Terms:

Available freehold subject to the existing lease.

Current lease:

The property is currently held on a full repairing, insuring and decorating lease to Appellation Nation Limited (Company No. 9344157).

The lease expires April 2023 and the current passing rent is £34,000 per annum exclusive.

Rates:

Rateable Value for the basement, ground and first floors: £22,500.

Council Tax Band: B

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.

Price:

£650,000 for the freehold interest, subject to the existing lease.

VAT:

We understand the building is not elected for VAT.

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 Chartered Surveyors 

01242 244744

enquiries@kbw.co.uk 

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