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Gloucestershire Business News

4 Montpellier Street, Cheltenham

The subject property is a Grade II listed period building arranged over ground and first floors, plus a basement.

A former restaurant, the property is situated in a prominent location and uniquely benefits from dual frontage to both Montpellier Street and Montpellier Walk with scope for outside seating on both sides of the building, subject to a separate licence from the Council.

An extensive restoration programme of works is currently being completed by the property owner; details provided upon request.

EPC: To be confirmed following refurbishment.

Location:

With a population of around 120,000, Cheltenham is an important regional shopping location serving an extensive catchment area. The town is renowned for its range and quality of shopping and its various festivals attract many visitors throughout the year.

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. Other nearby traders include The Ivy, Giggling Squid, Neal's Yard Remedies, Blushes Hair Salon, All Bar One, Rossiter Books, Paragon Art Gallery, Chaplais Kitchen, and Montpellier Wine Bar.

Accommodation:

The approximate net internal floor areas are as follows:

Ground Floor: 46.8 sq m (504 sq ft)

First Floor: 56.8 sq m (611 sq ft)

Basement: 36.8 sq m (396 sq ft)

Total: 140.4 sq m (1,511 sq ft)

Plus, WC facilities of 9.45 sq m (102 sq ft)

Rent:

£35,000 per annum exclusive.

Rates:

Rateable Value: £21,000. 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.

Terms:

Available on a new full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.

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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