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Gloucestershire Business News

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.

Location details:

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.

Accommodation:

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)

Rates:

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.

Planning:

Within Class A1 of the Use Classes Order 1987.

Terms:

New lease available for multiple term of 3 years.

VAT:

VAT is charged on rents and service charges.

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.

Legal costs:

The Tenant is to responsible for both parties' legal costs incurred in this transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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