HIGH-YIELDING INVESTMENT OPPORTUNITY: A traditional 3 bedroom period town house with a 1 bedroom fully independent lower ground floor apartment, both with private courtyard gardens and offered for sale with tenants in residence




A period town house close to Waitrose and the Promenade, currently being used as a 3 way let with a 1 bedroom lower ground floor apartment generating a rental income of £28,200 per annum / 7% gross yield. The house accommodation comprises an entrance hall, sitting room, dining room (currently being used as a bedroom) and a kitchen on the ground floor. On the first floor there are 2 generous double bedrooms, a single bedroom, a family bathroom and a separate second WC. A spiral staircase rises to an attic room with Velux windows, this space has potential to be further developed, subject to planning. French doors from the kitchen lead onto a metal veranda with steps leading down to an enclosed courtyard garden. The lower ground apartment is independently accessed via stone steps at the front of the property and comprises a private entrance hall with a sitting/dining room at the front and a generous double bedroom. A WC, shower room and fitted kitchen at the rear of the apartment and doors from the kitchen lead out to a private courtyard area. Further benefits include gas central heating, double glazing and residents’ permit parking (zone 12). The property is being sold with tenants in residence.

Situation
Just a stroll from Waitrose, the Promenade and fashionable Montpellier. Cheltenham is a superb place for shopping with an abundance of main high street shops, specialist boutiques, cafes and restaurants. Host to annual cultural festivals including music, literature and jazz, the town is equally famous for horse racing and the annual Gold Cup. Communications are excellent with easy access to the M5 and there are regular train services to London Paddington in just over 2 hours. accommodation.