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Gloucestershire Business News

14 Rotunda Terrace, Cheltenham

The subject premises comprise a Grade II* listed mid-terrace building, the available accommodation is made up of a ground floor retail area and basement level.

The ground floor is open plan configured in an L-shape, with windows to the front and rear. 

There is a glazed timber shop front with entrance door fronting Montpellier Street, benefitting from a gross frontage of over 5 metres.

The ground floor has an open plan sales area laid with a diamond effect plywood floor covering, plus a combination of track spotlights and connections for chandelier lighting. 

Access to the basement is via a staircase within the main retail space.

The basement provides a further sales area/ancillary accommodation. Staff welfare facilities including a kitchen and WC are also found at basement level. There is natural light into the basement from both the front and rear of the property.

Location:

Montpellier is a district of Cheltenham situated at the top of 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 are prominently situated on Rotunda Terrace. Other nearby traders include Neal's Yard Remedies, Tom Howley, Dubarry, Blushes Hair Salon, All Bar One and The Ivy.

Accommodation:

The approximate dimensions and net internal floor areas as follows:

Gross Frontage: 5.07 metres

Shop depth: 11.25 metres

Ground Floor Sales: 40.06 sq m (431 sq ft)

Basement Sales: 38.21 sq m (411 sq ft)

Basement Kitchen: 4.21 sq m (45 sq ft)

Total: 82.48 sq m (887 sq ft)

Terms:

Available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.

Rent:

£27,500 per annum exclusive.

Rates:

Rateable Value: £11,750

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 rent or any other charges or payments detailed.

All figures quoted are exclusive of VAT and intending lessees 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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