Residential for sale

OFFERS RECEIVED - NO LONGER AVAILABLE
Unique Cheltenham Investment Opportunity - For refurbishment / re-development (subject to planning).
Freehold Regency Terrace of Three Former Townhouses Comprising 18 Self-contained Apartments
Offers to be received by Noon on Friday 15th December 2023 by way of Informal Tender. A detailed information pack is available upon request which provides further building information. Viewings will be provided on set days/times only.
The properties are located along Berkeley Place in central Cheltenham, a large spa Town and Borough on the edge of the Cotswolds in the county of Gloucestershire. A short distance to the south is Sandford Park and Sandford Parks Lido.
The three former townhouses are Grade II Listed and form part of two terraces of five properties built c1810, on the east and west side of Hewlett Road. The buildings are ashlar over brick with slate roof and stucco party-wall stacks, wrought iron veranda and balconies, railings and gates. The Berkeley family were prominent landowners and powerful families in Cheltenham, providing the Liberal MP for 60 years during the C19. Originally the houses had formal gardens in front, these now form third-party owned gardens and permit parking.
The buildings are arranged over five stories with basement, ground, first, second and third floors. The former houses have been subdivided historically to provide 19 self-contained apartments (one long leasehold basement unit sold off which is excluded from the sale). Some apartments are arranged such that they extend over the floorplate of two properties. The front basement units benefit from private access, under pavement storage cupboards and lower ground floor rear courtyards. There is a further communal garden with rear gated access. Properties are also accessed via two hallways with service cupboards. The building benefits from attractive period features to include some original doors, wooden shutters and cornicing.
The Freehold interest is being offered For Sale with Vacant Possession throughout, apart from one basement Leasehold unit which is excluded and was sold off historically.
£1,350,000. The block is offered For Sale by Informal Tender. Offers are to be received by Noon on Friday 15th December 2023. Offers are to be submitted in the prescribed tender format (copy in the data room) to both joint agents by post or email.