Retail premises for sale in Cheltenham GL50

£675,000 < Back to search results

  • image
  • image
Under Offer

Property Description

The premises are located in the renowned Montpellier shopping district of Cheltenham in an area of well established, high quality retail and leisure traders including Blushes Hair & Beauty, Greens Jewellers, Ask Restaurant, All Bar One and The Ivy Brasserie.

The premises comprise a pair of mid-terrace Grade II* Listed Buildings currently connected at ground, first and second floor levels.

There is retail frontage to both Montpellier Walk and Montpellier Street with separate access available to the upper floors from two separate entrances in Montpellier Street. The upper floors are considered suitable for continued trading purposes or for conversion to residential use (subject to Planning and Listed Building Consents).

Approximate measurements and Net Internal Floor Areas
6 Montpellier Walk
Front Display window to Montpellier Walk 4.50 m
Rear Retail Display to Montpellier Street 1.92 m
Ground Floor Sales Area 23.85 sq m
First Floor 23.82 sq m
Second Floor 21.04 sq m
Third Floor 8.75 sq m

7 Montpellier Walk
Display window to Montpellier Walk 4.46 m
Retail Display to Montpellier Street 1.87 m
Ground Floor Sales Area 23.60 sq m
First Floor 20.04 sq m
Second Floor 21.14 sq m
Third Floor 1.22 sq m

The basements of each property are separately accessed and provide limited storage facilities and meter housing.

A kitchen provided on the second floor of 7 Montpellier Walk and WC is provided at first floor of 7 Montpellier Walk.

Mains electricity, water and drainage are connected. Air conditioning units are installed to the ground floor retail areas of both 6 & 7 Montpellier Walk.

For many years the premises have been used for the retail sale of ladies clothes under Class A1 retail use. This is now incorporated in Class E with effect from September 2020 which includes retail, restaurant, financial services and office use.

It is considered that the upper floors have potential for conversion to residential use having two separate staircases with direct access from the Montpellier Street pavement. Interested parties should make their own enquiries of Cheltenham Borough Council Planning Department.

The premises are offered freehold with vacant possession.

Subject to Contract
Offers are invited for the freehold interest with vacant possession of both properties based on £675,000.

It is understood that the premises are not elected for VAT.

Property Features

    Location

    Bird Eye View