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Gloucestershire Business News

3 Rotunda Terrace, Montpellier Street, 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 / dining area and customer WC, plus kitchen and rear storage area. The basement level provides a further sales area currently used as back of house ancillary accommodation.

EPC: The property has an energy rating C (75). A copy of the Energy Performance Certificate can be made available upon request.

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 is situated with frontage onto Montpellier Street, forming part of Rotunda Terrace. Other nearby occupiers include Neal's Yard Remedies, Rossiter Books, Blushes Hair Salon, All Bar One and The Ivy.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor Sales: 37.35 sq m (380 sq ft)

Ground Floor Kitchen: 16.06 sq m (173 sq ft)

Ground Floor Store: 25.5 sq m (275 sq ft)

Basement: 39.36 sq m (424 sq ft)

Total: 116.31 sq m (1,252 sq ft)

Plus, a covered courtyard of 5.19 sq m (56 sq ft) at ground floor level. There is scope for outside seating subject to a separate licence from the council.

Rent:

£24,000 per annum exclusive.

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.

Subject to vacant possession.

Rates:

Rateable Value: £17,500

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.

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 

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