12 bedroom block of apartments for sale

Lansdown Terrace, Cheltenham

Sold STC £1,200,000

Property Description

Full description

A rare opportunity to acquire a prime residential investment property just a stone's throw from Montpellier. Listed Grade II*, this fine stone fronted terraced townhouse is divided into seven units and is to be sold as a going concern with the tenants to remain in situ.

Description - A rare opportunity to acquire a prime residential investment property just a stone's throw from Montpellier. Listed Grade II*, this fine stone fronted terraced townhouse is divided into seven units and is to be sold as a going concern with the tenants to remain in situ.

A substantial brick built, ashlar stone-fronted, mid-terrace townhouse, with deep sash windows, under a slate covered roof. Divided into seven well maintained and self-contained apartments (including a one bedroom coach house) it benefits from off road parking to the front and a communal courtyard with pedestrian access to the rear. The condition of the apartments is at a standard suitable for letting purposes.
The interest to be sold is freehold and is subject to the following monthly rental figures, as at April 2016.

Ground Floor Flat, Front - £595.00
Ground Floor Flat, Rear - £525.00
First Floor Flat - £710.00
Second Floor Flat - £716.00
Third Floor Flat - £715.00
Flat 1, 3A (Coach House) - £525.00
Flat 2, 3A (Coach House) - £675.00

£4,461.00pcm.
£53,532.00pa.

3 & 5 Lansdown Terrace are situated in a fashionable area in Malvern Road, one of Cheltenhams most sought after and well known boulevards. Located within striking distance of the Promenade and the shops, bars, restaurants and boutiques in Montpellier, Lansdown Terrace also offers excellent access to Waitrose, GCHQ and the M5 motorway network.

The estate was largely completed between 1831 and 1848 under the supervision of the Jearrad brothers, two architects who transformed the original plans and were responsible for creating the immense convex Lansdown Crescent as well as Lansdown Terrace and Lansdown Parade. Primarily built in brick with dressed stone frontages, these large family houses epitomise 19th Century Cheltenham with its wealthy leisured class. Many of the properties have been converted into apartments as the original houses were deemed too large for modern family living.

Mains water, electricity, gas and drainage are connected to the properties.

Strictly by prior appointment through Charles Lear & Co. on 01242 222722.

All of the self-contained apartments are presently managed by Morgan Associates, Cheltenham on 01242 514285.

We understand that all apartments are let on assured shorthold tenancy agreements.
The freehold interests are available to purchase individually or as a pair.


More information from this agent

Listing History

Added on Rightmove:
12 July 2016

Nearest station

  • Cheltenham Spa (0.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Charles Lear, Cheltenham

103 Promenade, Cheltenham, GL50 1NW

03339 873474 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Charles Lear, Cheltenham

103 Promenade, Cheltenham, GL50 1NW

03339 873474 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Cheltenham Spa (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Charles Lear, Cheltenham

103 Promenade, Cheltenham, GL50 1NW

03339 873474 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26243626. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Charles Lear, Cheltenham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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