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Gloucestershire Business News

Unit 3 The Courtyard, Montpellier Street, Cheltenham

3 The Courtyard comprises a mid-terraced building with available space arranged at ground floor level.

The retail unit benefits from a fully glazed shopfront, facing out onto Montpellier Street. There is a WC provision within the unit.

ENERGY PERFORMANCE CERTIFICATE (EPC): The building is assessed at an energy efficiency rating of C(67).

A copy of the certificate is available on request.

Location:

Unit 3 The Courtyard is located in a prominent retail location fronting Montpellier Street in the renowned retail and leisure area of Montpellier, Cheltenham.

Cheltenham is a Regency Spa town having a population of 115,000 (source Office for National Statistics 2010), located approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway. Railway services are to London Paddington (2 hours 10 mins).

Accommodation:

(Approximate measurements and Net Internal Floor Areas)

The retail unit benefits from a fully glazed shopfront, facing out onto Montpellier Street. There is a WC provision within the unit.

60.52 sq m (651 sq ft)

Services:

It is understood that mains electricity, water and drainage are connected.

Service charge:

A service charge will be levied in respect of maintenance and upkeep of external and common areas of the building and provision of services to the site.

Business rates:

The premises are assessed at a Rateable Value of: £20,750 Source: Valua:on Office Agency website.

Lease terms:

The premises are currently let on a lease for a term of years expiring on 30th April 2028.

The rent payable is £27,500 per annum and the rent is payable quarterly in advance on the usual quarter days. The tenant has the option to terminate the lease on 1st May 2023. The rent will be reviewed on 1st May 2023. The lease is available for assignment without premium.

An application to take an assignment of the lease, or possible sub-lease from the existing tenant are invited.

VAT:

It is understood that the property is not elected for VAT.

Legal costs:

Each party are to be responsible for their own legal costs incurred during this transaction.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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