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Gloucestershire Business News

4 Montpellier Walk, Cheltenham

The building comprises a three storey Grade II listed building with a basement and third floor attic office. There are glazed shop fronts to both Montpellier Walk and Montpellier Street and both elevations are constructed from ashlar facing stonework with many ornate period features including stone carved caryatids.

Internally the premises comprise an open plan ground floor with a bar / counter and spiral staircase to the first floor.

The first floor extends across the adjoining property and provides a second centrally located bar plus seating areas. Customer WCs and a kitchen facility are found on second floor level, and a small office on the third floor.

Externally to both streets is the opportunity for external seating, and there are 3 car parking spaces on Montpellier Walk. We understand that extended seating can be provided over the parking area to the front of the building during certain times of the year.

EPC: The property is listed and therefore 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.

Nearby occupiers include Charles Clinkard Shoes, Neal's Yard Remedies, And So To Bed, Mandarin Stone, Tom Howley Kitchens, Blushes Hair Salon, All Bar One and The Ivy.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor: 26.09 sq m (281 sq ft)

First Floor: 41.22 sqm (444 sq ft)

Second Floor: 16.69 sq m (180 sq ft)

Third Floor: 11.22 sq m (121 sq ft)

Total: 95.22 sq m (1,026 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:

£31,500 per annum exclusive.

Planning:

The property has a combined Use Class A3 and A4 planning consent with extended opening hours.

More information available upon request.

Rates:

Rateable Value: £20,500 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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