£14,000.00 pa < Back to search results
* two units let during lockdown 1 - remaining units under offer *
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).
The town hosts several major international festivals for science, literature, music, and national hunt racing.
Montpellier is a nationally renowned Regency conservation area, comprising some eighty high quality specialist and convenience shops, service trades, restaurants and caf bars.
Montpellier Courtyard is an award winning shopping and residential development constructed in the mid 1980’s, which occupies a prominent position and provides a community of retail and restaurant premises at ground and upper ground floor levels.
Unit 16/17 is located at ground floor level and provides a single restaurant/caf premises measuring to approximately 1,571 sq ft (145.95 sq m).
Unit 20B is located at ground floor level, and provides single level retail unit measuring to approximately 693 sq ft (64.38 sq m).
The units are available on new effectively full repairing and insuring leases by way of a service charge provision, for a term of years to agreed, which will incorporate periodic upward only reviews. Rent deposits may be required.
Proposals are invited based on initial rents of:
Unit 16/17: £28,000 per annum exclusive.
Unit 20B: £14,000 per annum exclusive.
A service charge will be levied to cover the costs incurred by the Landlord in maintaining, repairing, cleaning and servicing the structure and external parts of the premises and the communal areas and facilities of The Courtyard.
Montpellier Courtyard is elected for VAT, which will be payable on rent and other property related charges.