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Gloucestershire Business News

7 Rotunda Terrace, Cheltenham

The property comprises the ground floor and basement shop, forming part of a three storey Grade II* listed period building with a basement.

The premises provide a ground floor sales area and ancillary basement accommodation with kitchen.

EPC: The building is listed and therefore believed to be exempt.

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, it is now known for its bars, cafes, restaurants and a range of specialist shops.

The subject premises are situated with frontage onto Montpellier Street, forming part of Rotunda Terrace. Other nearby occupiers include Neal's Yard Remedies, Tom Howley, Blushes Hair Salon, All Bar One and The Ivy.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor: 40.94 sq m (441 sq ft)

Basement: 52.74 sq m (568 sq ft)

Total: 93.68 sq m (1,009 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:

£24,000 per annum exclusive.

Service charge:

Fixed contribution of £2,000 per annum towards the maintenance and repair of the external envelope of the building.

Rates:

Rateable Value: £14,500

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.

Code for Leasing Business Premises (2020):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk 

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