13 Montpellier Arcade Montpellier Street Cheltenham GL50 1SU – Cheltenham
Shop, retail unit for sale
£300,000 932.92 sq ft
The property is a Grade II* Listed mid terrace building with retail accommodation arranged over the ground, first and lower ground floors with an office and WC on the second floor. Access to the upper and lower ground floors are through the ground floor.
The property has been refurbished to a high standard throughout. To the rear of the property there is a secondary access into Montpellier Arcade.
The property is let to John Gordons (Cheltenham) Ltd. The lease is for a period to expire 22nd August 2031 on a full repairing basis, subject to a schedule of condition and includes rent reviews on every 5th anniversary with the next one due on 23rd August 2021. A copy of the lease is available upon request.
• Location: Cheltenham
• Size: 86.67 m2 (932.92 ft2)
• Property: Investment
• Type: For sale
• Price: Â£300000.00
• Status: SOLD
Rates The assessment presently appearing on the Valuation Office Agency website is as follows:
The property has consent for restaurants and cafes as well as drinking establishments which fall within Classes A3 and A4 of the Use Classes Order 1987. The property is Grade II listed and lies with in a Conservation area.
We are instructed to seek offers in the region of £300,000 for the freehold interest in the property subject to the occupational tenancy outlined above.
It is proposed to treat the sale as a Transfer of a Going Concern.
This shop, retail unit for sale is located in Cheltenham.