Skip navigation

Gloucestershire Business News

1 Montpellier Avenue, Cheltenham

The property comprises the ground floor and basement of a corner unit, forming part of a Grade II listed building.

The premises provide 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.

EPC: The building has an energy performance rating of C (64). Copy available upon request.

Location:

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 premises 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.

Accommodation:

Approximate Net Internal Area

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)

Rent:

£32,000 per annum exclusive.

Planning:

The property 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.

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.

Alternatively, the landlord may consider a sale of the whole, to include the first-floor apartment which is currently subject to an AST agreement.

Further details available upon request.

Rates:

Rateable Value: £24,250

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.

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 letting transaction.

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 Property Consultants 

01242 244744

enquiries@kbw.co.uk 

Related Articles

Unit 4-5 Church Farm, Leckhampton, Cheltenham Image

Unit 4-5 Church Farm, Leckhampton, Cheltenham

The property is of concrete portal frame construction with part concrete blockwork.

4 Bath Road, Stonehouse Image

4 Bath Road, Stonehouse

The property comprises an end of terrace retail and residential property.

Unit 5 Bamfurlong Industrial Estate, Staverton, Cheltenham Image

Unit 5 Bamfurlong Industrial Estate, Staverton, Cheltenham

Unit 5 is a brand-new detached unit of steel portal frame construction on a site of approximately 1.28 acres (0.51 hectares).

Briarwood, 15 High Street, Cinderford Image

Briarwood, 15 High Street, Cinderford

Ground floor accommodation currently laid out as cellular offices with excellent retail potential.

Copyright 2022 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.