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Gloucestershire Business News

19 Rotunda Terrace, Montpellier Street, Cheltenham

Available to let in part or as a whole, the property comprises a three storey Grade II* listed period building with a basement.

The premises provide a ground floor sales area with a rear courtyard accessed via decorative French doors, and ancillary basement accommodation.

The first floor currently provides additional retail space or ancillary accommodation including an office and kitchen.

The top floor is fitted as a modern one-bedroom apartment with open plan kitchen / living room, integrated appliances and separate bathroom.

Period features are found throughout the property including high ceilings, decorative coving and sash windows.

A double garage, accessed via Royal Parade Mews, provides parking for two small vehicles (or additional storage).

EPC: The building is listed and therefore exempt.

Location details:

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 is 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 Areas (NIA) are as follows:

Gross Frontage: 6.13 m

Internal Width: 4.95 m

Shop Depth: 11.5m

Ground Floor: 44.25 sq m (476 sq ft)

Basement: 45.34 sq m (488 sq ft)

First Floor: 45.15 sq m (486 sq ft)

Total: 134.74 sq m (1,450 sq ft)

There is a second floor one bedroom apartment with maximum dimensions as follows:

Lounge: 5.1 m x 4.07 m

Kitchen: 3.28 m x 2.09 m

Bedroom: 3.06 m x 3.64 m (plus wardrobe 1.1 m x 1.03 m)

Bathroom: 2.07 m x 1.74 m

Terms:

The property is available to let as a whole, or the ground and basement separately.

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:

Ground and basement only £25,000 per annum exclusive.

Whole building £35,000 per annum exclusive.

Rates:

Ground, Basement and First Floor Rateable Value: £20,250Second floor apartment council tax band: A

The above information was obtained from the Valuation Office and Council Tax 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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