OIEO
£600,000
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St. Georges Square, Town centre
- 4 beds
- 4 Bathrooms
- 4 Receptions
This exciting investment opportunity is located on St Georges Square overlooking the Cheltenham Spa Bowling Club providing, four one-bedroom apartments conveniently located within the town centre, and offered for sale with no onward chain.
The well-maintained and stylish Grade II Listed Building has a potential gross income of £43,200 annually if the apartments are let individually on AST's.
The block could also be used as Airbnb's / Serviced Let's with a potential monthly income of £2,255 per month, per apartment, based on a 70% occupancy. Please note a local serviced apartment agent has estimated figures for this, however this should be used as a guide only and interested parties should conduct their own research into potential income.
The four apartments have a communal entrance, with one apartment per floor offering an open plan kitchen-living-dining room with fitted kitchens, a double bedroom, and a shower room comprising a double shower, low-level WC and a vanity unit with an inset basin.
Outside is a good sized enclosed rear garden accessed via a communal door. Laid to lawn with a small patio area.
There are also two off road parking spaces opposite the front of the building.
Please note that the apartments are on one freehold title.
Tenure-Freehold
Council Tax - Due to the properties current use as a business, in the form of serviced apartments, they are not currently banded for residential use.
All information regarding the property details, including a position on Freehold, will be confirmed between vendor and purchaser solicitors.
For further information, please contact the selling agent, Cook Residential 01242 500259.
The well-maintained and stylish Grade II Listed Building has a potential gross income of £43,200 annually if the apartments are let individually on AST's.
The block could also be used as Airbnb's / Serviced Let's with a potential monthly income of £2,255 per month, per apartment, based on a 70% occupancy. Please note a local serviced apartment agent has estimated figures for this, however this should be used as a guide only and interested parties should conduct their own research into potential income.
The four apartments have a communal entrance, with one apartment per floor offering an open plan kitchen-living-dining room with fitted kitchens, a double bedroom, and a shower room comprising a double shower, low-level WC and a vanity unit with an inset basin.
Outside is a good sized enclosed rear garden accessed via a communal door. Laid to lawn with a small patio area.
There are also two off road parking spaces opposite the front of the building.
Please note that the apartments are on one freehold title.
Tenure-Freehold
Council Tax - Due to the properties current use as a business, in the form of serviced apartments, they are not currently banded for residential use.
All information regarding the property details, including a position on Freehold, will be confirmed between vendor and purchaser solicitors.
For further information, please contact the selling agent, Cook Residential 01242 500259.
