Ground Floor Shop, 14-15 Montpellier Arcade, Cheltenham
The property is a Grade II* Listed mid terrace building comprises a ground floor retail unit within a 3-storey traditional stone construction building under a pitched roof.
The available unit is located on the ground floor and comprises a retail area to the front and further storage area to the rear along with WCs facilities.
The shop has a fully glazed to frontage with painted plastered ceilings and walls with lamented flooring and is lit by Halogen lighting.
To the rear of the property there is a secondary access into Montpellier Arcade.
The property has an EPC rating of E-103. Certificate Ref No: 0310-0531-0979-2194-1006.
The property is located in the sought-after district of Montpellier having a wide range of fashion shops, professional offices and restaurants. It is situated in Montpellier Arcade fronting Montpellier Street, a short distance from Montpellier Walk and The Promenade, the premier shopping street in the town.
Approximate Net Internal area
Ground floor retail space: 32.22 sq m (347 sq ft)
Storage area: 4.92 sq m (53 sq ft)
Total: 37.14 sq m (400 sq ft)
The Rateable Value appearing on the Valuation Office Agency website is as follows:
Rateable Value: £14,000
Rate in £ 2018/2019: 0.493
Prospective occupiers are advised to check with the Local Authority to establish any transitional relief that may be applicable.
Within Class A1 of the Use Classes Order 1987.
New lease available for multiple term of 3 years.
VAT is charged on rents and service charges.
The tenant is to contribute towards a fixed service charge in respect of maintenance of the external fabric of the building and common areas. This charge will be set at £1,900 p.a. increasing annually by reference to the RPI.
The Tenant is to responsible for both parties' legal costs incurred in this transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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