12 bedroom residential development for salePortland Street, Cheltenham, Gloucestershire, GL52
Sold STC 8,216 sq. ft. | £1,000,000
- 8,216 sq ft (763 sq m)
- Freehold investment opportunity
- 12 one bedroom apartments
- Requiring internal renovation
- Very central location
- Business unaffected
- EPC Rating = C
A centrally located freehold investment opportunity comprising twelve one bedroom apartments for refurbishment
Portland Street is centrally located to the heart of Cheltenham within walking distance of the shopping and commercial district of the town.
Cheltenham is famed as one of the most complete Regency towns in England and historically the original and most fashionable spa.
Less than a hundred miles from London it nestles beautifully between the Cotswold Hills and the Wye Valley, and is home to numerous prestigious schools including Cheltenham College, Cheltenham Ladies College, Dean Close and Pates Grammar which recently topped the national GCSE schools league table.
Now a highly sought after place to live (voted the number 1 place in the United Kingdom to bring up a family by the Telegraph early in 2015), the town is well known for its grand houses set amongst formal
avenues and beautiful garden squares.
For those with a taste for the finer things in life, there are Michelin starred restaurants, numerous bars, stylish shops and salons aplenty. For art and history lovers there is The Wilson, Cheltenham's newly refurbished museum and art gallery, whilst Cheltenham also has a thriving cultural scene that includes two concert halls and three theatres. There are the numerous festivals such as The Wychwood Festival, the festivals of literature, science, food and drink and, perhaps the pinnacle for some, the jazz festival, which has historically attracted such known performers as Van Morrison, Jamie Cullum and Jools Holland.
Undoubtedly for many more, the highlight of the year is the annual racing festival culminating with the Cheltenham Gold Cup, the blue riband event of the national hunt calendar, and an attraction that draws the public to the town year after year.
10 Portland Street is a three storey building with the first and second floors comprising twelve one bedroom apartments all offering the opportunity for improvement and updating, accessed from the ground floor through a central communal entrance.
Each apartment comprises reception room, kitchen, bedroom, bathroom and entrance lobby.
On the ground floor is a substantial retail unit which has been let under the terms of a 999 year lease with a peppercorn ground rent, which includes the right for the tenant to use the offsite car park.
Mains water, mains electricity, mains drainage, electric heating.
Freehold. The ground floor retail until is subject to a 999 year lease with a peppercorn ground rent. The offsite car park on Trinity Lane is also offered freehold but subject to user rights in favour of the retail tenant.
Cheltenham Borough Council. Tel: 01242 262626.
Square Footage: 8,216 sq ft
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