4 bedroom terraced house for sale
High Street, Cheltenham, GL50 3JF
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
2
- 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.
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Key features
- Investment Opportunity
- Shop - current income £6,000 per annum
- Apartment - potential income £24,000 per annum
- Potential Rental Yield 10.91%
- Prime Location
- Freehold
Description
An exceptional investment opportunity awaits with this Edwardian mixed-use property, perfectly positioned on Cheltenham's bustling High Street. This freehold building offers both immediate commercial income and significant residential rental potential, making it an attractive proposition for investors and business owners seeking a prime location.
The ground floor features a spacious open-plan commercial unit, currently operating as a barbershop. This versatile space benefits from natural light and excellent accessibility, making it suitable for a variety of retail or service businesses. Towards the rear, practical storage rooms and a well-appointed WC ensure functionality for commercial operations. Plans are in place to install a new staircase within this commercial unit, which will enhance internal access to the upper residential apartment.
Above the commercial space, accessed presently via the rear of the building, is a self-contained apartment spread across the first and second floors. Following the proposed renovations, internal access will be via the new staircase from the commercial unit. This apartment is poised for conversion into a 4-way House in Multiple Occupation (HMO), with a projected income of £500 per room, excluding bills. The residential accommodation will comprise a well-equipped kitchen, an inner hallway, a versatile study/store room perfect for a home office, and a comfortable living area. The first and second floors will host four bedrooms, complemented by a family bathroom designed for convenience.
Alternatively, the property can remain as a 3-bedroom duplex apartment, currently achieving £1,250 pcm, with the tenancy concluding in May 2026. The existing commercial lease generates an income of £6,000 per annum, ending in March 2026. With a potential residential income of £24,000 annually, this property boasts an impressive potential rental yield of 10.91%.
This property offers an outstanding blend of commercial viability and residential comfort in a highly desirable location, providing a strong income stream and significant capital growth potential.
This property is Freehold.
Brochures
Brochure 1- 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.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
High Street, Cheltenham, GL50 3JF
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Visit our security centre to find out moreDisclaimer - Property reference S1199745. 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 Elliot Oliver Sales, 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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