Central Hotel, Portland Street, Cheltenham, GL52 2NZ
- PROPERTY TYPE
Terraced
- BEDROOMS
22
- SIZE
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- 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
- Investment opportunity
- 22 ensuite letting rooms
- Town centre location
- Off road parking
- Profitable business
- Adj profit of circa £173K
- Christie & Co Ref: 3440652
Description
Situated within a fantastic town centre location, this 22 ensuite bedroomed hotel is a fabulous investment. Already generating good income to profit margins, this low input and low maintenance operation comes with a solid client base and repeat business year on year. Offering room only and Grade II Listed, this sizeable Georgian property is well-located to access many of the town's famous attractions, from the racecourse to high street shopping, the Jazz Festival and renowned restaurants. Spread across four floors, it benefits from regency charm with high ceilings, sash windows, and Juliet balconies amongst others.
Externally and to the rear is a an off-road parking area, ample space for a number of vehicles, there is opportunity here for further development subject to the relevant consents.
what3words: ///cage.sound.closed
Located within easy reach of major communication links like the M5 which gives access to Bristol and the South West along with Birmingham to the North. Just over a mile away is Gloucestershire Airport, and further afield are the airports of Bristol and Birmingham International. Situated in the heart of Cheltenham, it provides easy access into the city centre for culture, shopping, restaurants, bars, the Jazz Festival, and also Cheltenham Racecourse.
Internally the property currently offers a room only service, providing 22 clean, tidy and modern bedrooms. All rooms come with LCD TVs, a mixture of singles, twin rooms/doubles, family rooms and suites. Each room has a full-size fridge & microwave along with tea, coffee, kettle, crockery and a hairdryer. Wi-Fi is available throughout the entire property. All bedrooms offer modern and stylish ensuite facilities including white sanitary ware and showers.
Fixtures & FittingsTrade fixtures & fittings are included within the freehold sale, those items personal to the owner may be excluded, contact the selling agent for clarity.
External DetailsExternally, there is parking for a number of vehicles to the rear. The property sits within a large plot and certainly has scope for extension and/or redevelopment subject to the relevant consents.
The OpportunityThis is a fantastic opportunity to acquire a low-maintenance accommodation business within the heart of this Cotswolds town. Turning a good profit and with repeat business along with the development potential it offers, it's a worthwhile buy. The business has been in the hands of the current owner for the past 20 years and due to wanting to retire, this lucrative business is now hitting the market.
Trading InformationTrading information can be obtained via the selling agent.
TenureFreehold
Brochures
Sales DetailsMortgage Calculator- COUNCIL 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Central Hotel, Portland Street, Cheltenham, GL52 2NZ
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Visit our security centre to find out moreDisclaimer - Property reference centralhotelresi. 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 Christie & Co, Hotels. 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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