Sold 6 Bed Block of Flats
Bath Road, Cheltenham Guide Price £800,000
Property Features
Bath Road, Cheltenham, Gloucestershire, GL53 7JT
Contact Agent
12109_1101/103 Promenade
Cheltenham
Gloucestershire
GL50 1NW
Tel: 01242 222722
sales@charleslear.co.uk
About the Property
Presently generating an annual income of £38,820, this particularly attractive double fronted Grade II Listed property has been beautifully renovated and comprises four charming self-contained apartments, all with off road parking and presently let on assured shorthold tenancies.
Property Details
Description
Divided into four beautifully refurbished apartments, Arundel House is a stunning Grade II Listed building with garden and off road parking in a popular central location.
FLAT 1
Situated to the left of the communal entrance on the ground floor, this spacious one bedroom apartment also has direct access into the shared garden to the rear.
Rent - £695.00 pcm.
FLAT 2
Offering direct access into the communal garden this ground floor one bedroom apartment enjoys a modern kitchen/sitting room and shower room.
Rent - £695.00 pcm.
FLAT 3
Occupying the entire first floor within this beautiful building is this spacious two double bedroom apartment with exemplary living accommodation including a kitchen/dining room and separate sitting room.
Rent - £950.00 pcm.
FLAT 4
Offering two generous double bedrooms, a spacious kitchen/dining room and sitting room, this bright and spacious apartment occupies the entire top floor of Arundel House.
Rent - £895.00 pcm.
INVESTMENT INFORMATION
Total Annual Income - £38,820.
Yield - 4.85%.
AGENTS NOTE
Our client has advised us the rent is inclusive of water and electricity.
PARKING
Each apartment benefits from one off road parking space whilst permit parking is also readily available on Bath Road and in neighbouring streets.
TENURE
Freehold with the existing tenants to remain in situ. To be sold as a going concern. Copies of the tenancy agreements are available on request.
Situation
Located in the heart of this sought after Regency town, Arundel House is set well back from the road within a short walk to a variety of amenities on Bath Road whilst the architecturally inspiring Promenade is within a short stroll. The high street, which offers a diverse range of shops and department stores, is also within a short walk. Montpellier, which is within a 5 minute walk, offers a vast array of bars, boutiques, cafes and restaurants to choose from. Cheltenham is widely renowned for its list of excellent public and private schools, many of which are within walking distance of the property and include: Cheltenham College, Cheltenham Ladies College, Dean Close, St. Edward’s and Pate’s Grammar School. The town is also famous for its array of festivals including: Literature, Jazz, Music and Science whilst Prestbury Park plays host to National Hunt racing.
General Information
GENERAL INFORMATION
Services:
Mains water, electricity, gas and drainage are connected to the property.
Local Authority:
Cheltenham Borough Council: 01242 262626.
Council Tax Band: (G) - £2,797.84pa. (2018/2019).
VIEWINGS
Strictly by prior appointment through Charles Lear & Co. on 01242 222722.
LISTING
Arundel House was given Grade II Listed status in May of 1972 for its special architectural or historic interest.
