Retail premises to let in Unit 10 Montpellier Courtyard, Montpellier Street, Cheltenham GL50

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 café 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 10 is located on the upper ground floor and measuring to a Net Internal Area of approximately 460 sq ft (42.7 sq m), provides a single level lock up retail premises.

Amendments to the commercial property Use Classes Order took affect on 1st September 2020, with a new Use Class “E” encompassing “Commercial, business and service uses”. Within Use Class E are retail and restaurant uses, along with gymnasiums, offices, light industry, financial services, and medical & health services.

Subject to Contract
Unit 10 is available on a new effectively full repairing and insuring lease by way of a service charge provision, for a term of years to agreed, which will incorporate periodic upward only reviews.

A rent deposit may be required and the initial rent will be £14,500 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.