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Gloucestershire Business News

Montpellier Gardens, Cheltenham

Description:

A detached building set within it's own fenced outside space which has been the subject of a completely new fit out to provide, bar, cellar and restaurant complete with kitchen and store facilities whilst the upstairs provides separate male/female W.C.s and a small office/staff area.

There is also a full accessible W.C on the ground floor. With an internal capacity of some 72 covers with a corresponding number of outside spaces, the property is ideally located to serve both the discerning casual diner and the large volume of festival goers throughout the year.

The property is being offered with the benefit of an existing tenancy so will be of interest to discerning investors. Full details of existing lease will be made available to interested parties.

EPC: The property is rated E120

Location details:

Situated at the top of Montpellier Gardens, adjacent to the roundabout this high profile building is close to other bars and restaurants whilst having a unique location within the gardens and so away from the hustle and bustle of Montpellier Walk.

Of interest to investment buyers, the property is being sold with the benefit of an existing tenant.

Accommodation:

Ground floor: Two adjoining customer seating areas, with access to the bar and outside patio areas. Bar servery with view to kitchen area. Glazed conservatory with further customer seating. Accessible W.C. Outside seating areas to the front, side and rear patio areas. Fully fitted commercial kitchen with storage and chilled cellar facilities. Small service yard with further timber built storage.

First floor: Separate male and female customer. Staff area/office.

Terms:

Offers are invited for the freehold interest with the benefit of an existing lease. Full details are available upon request.

Services:

Three phase electricity, gas, water and drainage are connected to the property. There is a drain interceptor located in the service yard.

Closed circuit TV is installed.

VAT:

VAT will be applied to the purchase price.

Planning:

The property has A3 use (restaurant) as per the use classes Order 1987. In addition there is a full on and an off licence.

Rating Information:

The 2017 rating list describes the property as restaurant and premises with a rateable value of £13,500.

Legal Costs:

Each party to bear their own coasts incurred in this transaction.

Contact:

52 Degrees North 

T: 01242 261424

E: office@52degreesnorth.co.uk 

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