Property photos
Offers over
£750,000
(£256.06/sq. ft)
Retail premises for sale
1 & 1A Queens Circus, Montpellier, Cheltenham GL502,929 sq. ft
Local area information
Property location
Nearby amenities
- Cheltenham Ladies' College 0 miles
- The Catholic School of Saint Gregory the Great 0.4 miles
- Cheltenham Spa 0.8 miles
- Gloucester 7.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Cheltenham to find out more about the local area.
Features and description
- Two commercial tenants
- Prominent Corner Location Opposite Queens Hotel
- Long Leasehold Flat
Cheltenham is UK’s most complete Regency town and has established itself as a significant retail and business destination. The Government Communications Headquarters (gchq) is located on the western side of town employing over 7,000 people with a new cyber park now underway to boost Cheltenham’s claim as “national centre for cyber security”.
Other significant employers include ucas, Ontic and ge Aviation whilst Superdry and Spirax Sarco both have their headquarters in the town.
Known as the “the home of National Hunt Racing”, Cheltenham features the Gold Cup meeting in March each year and hosts the International Literature Festival (October) plus jazz (April/May) and music festivals (June) each year. The Cheltenham Ladies College, Pates Grammer School, Cheltenham College and Dean Close School offer excellent schooling.
The property occupies a prominent corner location overlooking Imperial Gardens at the junction of The Promenade and Queens Circus and opposite the renowned Queens Hotel . Neighbouring occupiers include The Cheltenham Ladies College, 131 The Promenade Hotel & Restaurant, and retailers Mandarin Slate and oska.
The property comprises a pair of Grade II Listed Buildings constructed of rendered and painted brick walls under a renewed slate roof. Accommodation is laid out over basement, ground, first and second floors and comprises two commercial units and a top floor residential flat that has been sold off on a long leasehold basis.
Tenancy information can be located by downloading the PDF brochure.
The current income amounts to £55,500 per annum and will rise to £57,500 per annum in December 2026.
Subject to Contract
Offers in excess of £750,000 are invited to purchase the freehold interest, subject to the two commercial leases and the long leasehold residential interest. A purchase at this level will produce a gross yield of 7.4% rising to 7.66% in December 2026. (Net initial yield of 7.02% rising to 7.27%)
The property is currently is not elected for VAT.
Other significant employers include ucas, Ontic and ge Aviation whilst Superdry and Spirax Sarco both have their headquarters in the town.
Known as the “the home of National Hunt Racing”, Cheltenham features the Gold Cup meeting in March each year and hosts the International Literature Festival (October) plus jazz (April/May) and music festivals (June) each year. The Cheltenham Ladies College, Pates Grammer School, Cheltenham College and Dean Close School offer excellent schooling.
The property occupies a prominent corner location overlooking Imperial Gardens at the junction of The Promenade and Queens Circus and opposite the renowned Queens Hotel . Neighbouring occupiers include The Cheltenham Ladies College, 131 The Promenade Hotel & Restaurant, and retailers Mandarin Slate and oska.
The property comprises a pair of Grade II Listed Buildings constructed of rendered and painted brick walls under a renewed slate roof. Accommodation is laid out over basement, ground, first and second floors and comprises two commercial units and a top floor residential flat that has been sold off on a long leasehold basis.
Tenancy information can be located by downloading the PDF brochure.
The current income amounts to £55,500 per annum and will rise to £57,500 per annum in December 2026.
Subject to Contract
Offers in excess of £750,000 are invited to purchase the freehold interest, subject to the two commercial leases and the long leasehold residential interest. A purchase at this level will produce a gross yield of 7.4% rising to 7.66% in December 2026. (Net initial yield of 7.02% rising to 7.27%)
The property is currently is not elected for VAT.
More information
Listed by
John Ryde Commercial
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