1-2 Montpellier Avenue, Cheltenham
The property comprises a Grade II listed end terrace building.
The premises provide commercial accommodation on the ground and basement levels with a ground floor sales area along with basement which could be used for further sales space or ancillary. A staff kitchen and WC are also located in the basement.
The upper floors comprise a two-bedroom duplex apartment which is self-contained with its own access from Montpellier Avenue.
EPC: The building has an energy performance rating of C (64). Copy available upon request.
Montpellier is a district of Cheltenham situated at the top of the 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 premised are situated on the corner of Montpellier Avenue and Montpellier Spa Road (a main thoroughfare), overlooking Montpellier gardens.
Other nearby occupiers include the Queens Hotel, ASK Italian, Park Gallery, John Gordons Wine Bar and Cologne & Cotton.
The approximate Net Internal Area is:
Ground floor sales: 42.37 sq m (456 sq ft)
Basement: 40.43 sq m (435 sq ft)
Kitchen: 6.87 sq m (74 sq ft)
Total: 89.67 sq m (965 sq ft)
The first and second floors comprise a two bedroom duplex apartment with living room, kitchen and shower room.
£825,000 for the freehold interest, subject to the residential tenancy.
The ground floor and basement has most recently been used as a retail showroom falling within the new 'Class E' use class.
Class E includes a range of uses including retail, restaurant, office, financial & professional services, medical & health and some leisure. Subject to landlord approval.
Current Rateable Value: £24,250
Draft Rateable Value (2023): £34,750
Council Tax Band: B
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. Transitional relief may be available.
The residential apartment is currently let on a 12 month AST from October 2022 at a rent of £975 pcm.
The commercial ground floor and basement is currently vacant with potential interest. More details available upon request.
VAT may be payable on the price, or any other charges or payments detailed.
All figures quoted are exclusive of VAT and intending purchasers must satisfy themselves as to the VAT position by taking appropriate professional advice.
Each party to bear its own legal costs incurred in the transaction.
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