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Just added
£685,000
(£328.54/sq. ft)
Restaurant for sale
Meadow Cafe, Coxs Meadow And 24 Rodney Road, Cheltenham GL532,085 sq. ft
Local area information
Property location
Nearby amenities
- Cheltenham College 0.4 miles
- St Edward's School 0.4 miles
- Cheltenham Spa 1.5 miles
- Gloucester 7.5 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
- Total Income £53,000 per annum
- Two Leases - One Licence to Occupy
- Attractive Buildings
- Popular Town Centre Locations
- Two investment properties available as a single lot
Cheltenham is UK’s most complete Regency town and has established itself as a national centre for cyber and security.
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 internal Literature Festival (October), Jazz (April/May) and Music Festivals (June) each year. The Cheltenham Ladies College, Pates Grammar School, Cheltenham College and Dean Close School offer excellent schooling.
Meadow cafe
Meadow Café is located on the A40 Old Bath Road at its junction with Sandford Road and adjacent to the well known Cox’s Meadow in Cheltenham. Cheltenham College and Cheltenham General Hospital are nearby and a layby is located outside the premises providing convenient customer parking (not part of the property) for the café.
The building is constructed of cavity brickwork walls on a concrete floor under a mineral felt covered flat roof, which was renovated in 2014 to provide a single storey modern café, with part painted/part timber clad elevations.
The fully glazed frontage leads to a covered external seating area and further external seating is provided on Cox’s Meadow by way of a Licence from the local authority.
Approximate measurements and Gross Internal Area
10.45 w x 4.56 d = 47.72 sq m (514 sq ft)
Incorporating open kitchen café, WC facility and two external servery hatches.
The property is subject to an occupational Lease, on full repairing and insuring terms, for a term expiring 31st March 2040.
The rent passing is £15,000 per annum exclusive and there are upward only rent reviews at the fifth and tenth anniversaries of the term, likewise tenant only break options.
The Landlord holds a rent deposit equal to three months rent and the Lease is within the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II.
The Long Leasehold Title is for 125 years from 19th May 2014 and the rent payable throughout the term is one peppercorn. The Freeholder is Cheltenham Borough Council.
24 rodney road
Rodney Road is just to the South of the High Street and acts as a link between the High Street and the Inner Ring Road. 24 Rodney Road is situated on the Eastern side of Rodney Road, with predominantly mixed commercial uses but there are residential properties to the South.
24 Rodney Road comprises a detached late Victorian building constructed over two floors and currently provides café premises on the ground floor with a studio occupying the open plan first floor room.
The building has recently been the subject of an extension to the rear, which provides kitchen area on the ground floor and ancillary offices on the first floor.
The building is constructed of brick/masonry with rendered and painted elevations and although it is not Listed, it does retain many period features, with the stone staircase, cornicing, fireplaces and large sash windows of particular note.
Approximate measurements and Net Internal Areas
Ground Floor
Open plan front area: 555 sq ft 51.57 sq m
Store: 19 sq ft 1.79 sq m
Kitchen: 256 sq ft 23.79 sq m
First Floor
Open plan front room: 531 sq ft 49.31 sq m
Ceiling height 3.98 m
Office: 210 sq ft 19.49 sq m
Net Internal Area: 1,571 sq ft 145.95 sq m
The ground floor demise is subject to an occupational Lease, on full repairing and insuring terms by way of a service charge provision, for a term expiring 31st October 2034. The rent passing is £20,000 per annum exclusive and there are upward only rent reviews in November 2027,2030 and 2033.
The Directors of the Tenant company have provided personal Guarantees and Tenant only break options are dated 1st November 2027 and 1st November 2029.
The Lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.
The first floor demise is subject to a Licence to Occupy dated 1st November 2024. The rent passing is £18,000 per annum exclusive and either party can terminate the Licence on providing three months prior written notice.
The property is held Freehold.
Subject to Contract
The properties are offered for sale as a single lot and the sale will be subject to the existing occupational Leases and Licence to Occupy.
Offers are invited based on £685,000. The properties are not elected for VAT.
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 internal Literature Festival (October), Jazz (April/May) and Music Festivals (June) each year. The Cheltenham Ladies College, Pates Grammar School, Cheltenham College and Dean Close School offer excellent schooling.
Meadow cafe
Meadow Café is located on the A40 Old Bath Road at its junction with Sandford Road and adjacent to the well known Cox’s Meadow in Cheltenham. Cheltenham College and Cheltenham General Hospital are nearby and a layby is located outside the premises providing convenient customer parking (not part of the property) for the café.
The building is constructed of cavity brickwork walls on a concrete floor under a mineral felt covered flat roof, which was renovated in 2014 to provide a single storey modern café, with part painted/part timber clad elevations.
The fully glazed frontage leads to a covered external seating area and further external seating is provided on Cox’s Meadow by way of a Licence from the local authority.
Approximate measurements and Gross Internal Area
10.45 w x 4.56 d = 47.72 sq m (514 sq ft)
Incorporating open kitchen café, WC facility and two external servery hatches.
The property is subject to an occupational Lease, on full repairing and insuring terms, for a term expiring 31st March 2040.
The rent passing is £15,000 per annum exclusive and there are upward only rent reviews at the fifth and tenth anniversaries of the term, likewise tenant only break options.
The Landlord holds a rent deposit equal to three months rent and the Lease is within the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II.
The Long Leasehold Title is for 125 years from 19th May 2014 and the rent payable throughout the term is one peppercorn. The Freeholder is Cheltenham Borough Council.
24 rodney road
Rodney Road is just to the South of the High Street and acts as a link between the High Street and the Inner Ring Road. 24 Rodney Road is situated on the Eastern side of Rodney Road, with predominantly mixed commercial uses but there are residential properties to the South.
24 Rodney Road comprises a detached late Victorian building constructed over two floors and currently provides café premises on the ground floor with a studio occupying the open plan first floor room.
The building has recently been the subject of an extension to the rear, which provides kitchen area on the ground floor and ancillary offices on the first floor.
The building is constructed of brick/masonry with rendered and painted elevations and although it is not Listed, it does retain many period features, with the stone staircase, cornicing, fireplaces and large sash windows of particular note.
Approximate measurements and Net Internal Areas
Ground Floor
Open plan front area: 555 sq ft 51.57 sq m
Store: 19 sq ft 1.79 sq m
Kitchen: 256 sq ft 23.79 sq m
First Floor
Open plan front room: 531 sq ft 49.31 sq m
Ceiling height 3.98 m
Office: 210 sq ft 19.49 sq m
Net Internal Area: 1,571 sq ft 145.95 sq m
The ground floor demise is subject to an occupational Lease, on full repairing and insuring terms by way of a service charge provision, for a term expiring 31st October 2034. The rent passing is £20,000 per annum exclusive and there are upward only rent reviews in November 2027,2030 and 2033.
The Directors of the Tenant company have provided personal Guarantees and Tenant only break options are dated 1st November 2027 and 1st November 2029.
The Lease is excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.
The first floor demise is subject to a Licence to Occupy dated 1st November 2024. The rent passing is £18,000 per annum exclusive and either party can terminate the Licence on providing three months prior written notice.
The property is held Freehold.
Subject to Contract
The properties are offered for sale as a single lot and the sale will be subject to the existing occupational Leases and Licence to Occupy.
Offers are invited based on £685,000. The properties are not elected for VAT.
More information
Listed by
John Ryde Commercial
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