Wolseley House, 1-4 Wolseley Terrace, Cheltenham, Gloucestershire, GL50

Available as Whole Terrace or Part


Sold with Vacant Posession


Conversion Potential (STP)*


14,766 Sq. Ft Approx. Net Internal Area

Location

Wolseley Terrace is prominently situated within Cheltenham town centre, offering excellent access to the town's established retail, leisure and commercial amenities. The property occupies a highly prominent and accessible central location, benefiting from its proximity to the principal shopping areas, a wide range of cafés, restaurants and leisure facilities, together with Cheltenham's well-established business community.
Cheltenham is one of the Cotswolds' principal commercial and cultural centres, renowned for its Regency architecture, vibrant retail and leisure offering and strong visitor economy. The town benefits from excellent transport connections, with the A40 and A46 providing convenient access to the wider regional road network, while Cheltenham Spa railway station provides regular services to Gloucester, Bristol, Birmingham and London.
The surrounding area comprises a diverse mix of retail, office, leisure and residential uses, making Wolseley Terrace an attractive location for a range of commercial, investment and potential redevelopment opportunities, subject to planning. Key employers nearby include UCAS, Microsoft, Superdry, GE Aerospace. Cheltenham is widely recognised as the UK's cyber capital, anchored by the headquarters of GCHQ and supported by a world-leading cluster of cyber security, intelligence, digital technology and innovation businesses, further strengthened by the £1 billion Golden Valley Cyber and Technology development.


Description

The properties comprise a Grade II Listed attached end terrace and mid terrace, constructed over five storeys and constructed in circa 1834 of stucco rendered brick elevations with part flat / part pitched slate roof behind a parapet wall. The properties were formerly four townhouses.

The properties are set back from the street behind iron railings with lower ground floor and stairs leading to alternate left and right entrances at raised ground floor level.
The properties are very similar in construction, appearance, condition and layout and essentially comprise a range of partitioned and semi open-plan offices with timber flooring and carpets, plastered and painted / papered walls, gas central heating, floor boxes and strip lighting. There are separate male and female toilets and small kitchenette on each floor from lower ground to second floor.

The interiors are well presented (currently occupied) retain a number of original features. Externally, the properties front directly on to the pavement. A parking area for 2 cars situated directly in front of the entrance to No 1 has been used by the occupiers for some years but is excluded from title/unregistered.

There is a small courtyard area accessed from the rear of the ground floor of each building. Building No.1 and No.2 are interconnected on all levels from lower ground to second floor but could easily be blocked up (subject to any necessary permissions) to become self-contained units. There is no lift in any building.

Buildings are currently occupied by various commercial and charitable enterprises but are intended to be sold with Vacant Possession. Uses comprise office, consulting and leisure uses.


Services

We understand that the property is connected to all mains services - gas, electricity, drainage and water, but have not carried out any tests in this regard. We are informed that each building is separately serviced. Purchasers are to undertake their own investigations in this regard.

Planning

We are advised that the property benefits from use class E and historically benefitted from change of use from Government buildings to offices in 1982. Purchasers are to verify the planning use and make their own investigations with the Local Planning Authority. *The property may benefit from conversion potential to alternative uses or residential, subject to planning. Prospective purchasers should seek independent planning advice. No.3 had planning consent (now lapsed) for 'Change of use of offices on the ground, first and second floors to create one self-contained residential unit' ref 10/00172/COU.

VAT

To be confirmed. We are not aware that the building has been elected for VAT.

Business Rates

Ratable Value
Gnd 1st 2nd & 3rd Flrs 1 Wolseley House £56,500
3 Rd Flr Wolseley House 2 £6,000
Pt 1st Flr Wolseley House 3 £11,000
Pt Wolseley House 2-3 & Wolseley House 4 £83,000


Terms

Freehold with vacant possession.

EPC

New EPC's have been commissioned and will be provided shortly.

Legal Costs

Each party is to incur their own legal fees.

Viewing

Viewing is by appointment only with the sole selling agents. Set viewings days will be provided for the building.