Property Information
Address:
5 Rotunda Terrace, Montpellier Street, Cheltenham, Gloucestershire
, GL50 1SW
, Gloucestershire
, United Kingdom
Price: Buy: POA
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH646936
Property Ref/Agent: 13532
*Please use the agent ref when calling the agent directly.
Property description
The property is a Grade II Listed mid terrace building with retail accommodation arranged over the ground and first floors with a commercial kitchen in the basement and living accommodation on the second floor. The ground floor has been extended and the restaurant area provides up to 100 covers with a secondary seating area at first floor level providing an additional 25 covers.
There is living accommodation on the second floor and a commercial kitchen and storage in the basement. There is access at the rear to Royal Parade Mews.
The property is let by way of an assignment of a lease dated 14th December 2007 made between Radco Property & Investment Holding Limited and Mandarin Kite Ltd.
The reversionary lease is for a period of 15 years on a full repairing and insuring basis from 24th October 2013 and includes rent reviews on every 5th anniversary with the one dated 24th October 2018 outstanding.
A copy of the Lease is available upon request.
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