Gloucester Place, Cheltenham
- PROPERTY TYPE
Terraced
- BEDROOMS
12
- BATHROOMS
3
- SIZE
2,853 sq ft
265 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Twelve Bedroom Short-Term Rental Opportunity
- Three Story Town House
- Currently Running as a Lucrative Business
- Town Centre Location
- 25%+ Yield Potential
- All Rooms Have Short-Term Rental Facilities
- Magnetic Programmable Card Entry System
- Well Known Venue With Repeat Customers
- Tenure: FREEHOLD
- EPC Rating D | Council Tax Band B
Description
The property currently returns approximately 25% yield at full occupancy at the most popular lower priced end of the market. There is plenty of opportunity to reconfigure the layout and upgrade the fixtures and aim for a higher-end market if desired.
The property is a traditional mid-townhouse with private walled rear garden. All the relevant health and safety measures are in place. The property currently operates a programable, secure magnetic card entry system which also regulates energy usage. There are 12 double rooms with 4 on each floor, ground floor, first and second floors. There are no subterranean rooms. Bathroom facilities are provided on each floor.
The current owner charges 'from' £45
ight on midweek nights to £80
ight at weekends with up to £315
ight during race week and other various special events throughout the year including jazz festival week, music festival week, literature festival week etc.
This property is currently a trading business therefore viewing will be on a 'subject to occupancy' basis.
SUMMARY: Whether you are an established Landlord looking to increase a portfolio or a new investor looking for a first property that is an almost failsafe secure investment, this property will fit the bill. The location is ideal for guests on a weekend break and perfectly priced to attract traveling workers during the week. We highly recommend this ready-to-go thriving turn-key investment.
Cheltenham is known as 'The Jewel in the Crown' of the Cotswolds. There is a 364 day per year tourist industry with various 'peaks' in the market as mentioned above. The short-term rental/holiday let market is a huge industry which shows no sign of diminishing.
All viewings are strictly by appointment only.
Bedroom One - 3.55 x 3.42 (11'7" x 11'2") -
Bedroom Two - 3.76 x 3.65 (12'4" x 11'11") -
Bedroom Three - 3.74 x 2.72 (12'3" x 8'11") -
Bedroom Four - 3.94 x 3.54 (12'11" x 11'7") -
Bedroom Five - 3.72 x 3.52 (12'2" x 11'6") -
Bedroom Six - 3.56 x 2.85 (11'8" x 9'4") -
Bedroom Seven - 2.92 x 2.81 (9'6" x 9'2") -
Bedroom Eight - 3.94 x 3.45 (12'11" x 11'3") -
Bedroom Nine - 3.72 x 3.52 (12'2" x 11'6") -
Bedroom Ten - 3.56 x 2.85 (11'8" x 9'4") -
Bedroom Eleven - 2.92 x 2.81 (9'6" x 9'2") -
Bedroom Twelve - 3.94 x 3.45 (12'11" x 11'3") -
Brochures
Gloucester Place, CheltenhamCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Gloucester Place, Cheltenham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cheltenham Spa Station1.3 miles
About the agent
Hunters started in 1992, founded on the firm principles of excellent customer service, pro-activity and achieving the best possible results for our customers. These principles still stand firm and we are today one of the UK's leading estate agents with over 200 branches throughout the country. Our ambition is to become the UK's favourite estate agent and by keeping the customer at the very heart of our business, we firmly believe we can achieve this.
WHAT MAKES US DIFFERENT TO OTHER AGE
Industry affiliations
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 32963207. 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 Hunters, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.