14 Lansdown Place, Cheltenham | Property for sale | Savills
Guide price £590,000(HK$6,075,172)

14 Lansdown PlaceCheltenham

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • Freehold block of flats comprising for 6 x one bedroom self contained flats
  • Investment let at £44,268 p.a.
  • Flats are in good decorative order throughout
  • Asset management potential to increase the passing rent
  • Break up potential by modernising the flats and selling the flats off separately
  • Potential to run a serviced apartment business (subject to existing leases)
  • Off road car parking and communal garden located at the front of the property
  • Unconverted space to rear- possible development (subject to requisite consents)
  • Located in the attractive and affluent Spa town of Cheltenham

An attractive freehold block of flats comprising of 6 x self contained dwellings (1 flat sold off on long lease). The remaining 5 flats are let out on AST's.

About this property

  • A freehold Grade II listed property comprising of 6 x one bedroom flats (one flat has been sold off on long lease). The flats are in good decorative order through out, but could potentially benefit from some modernisation. There is asset management potential to increase the passing rent (subject to negotiation) or run a serviced apartment buisness (subject to the existing leases) , there is also break up potential to modernise the building and sell the flats off separately. There is a unconverted space to the rear of the property with water and power connection that has further development/ conversion potential (subject to the requisite consents) The property is located in the affluent and prosperous Spa Town of Cheltenham which is a popular tourist location.

Local information

  • The property is located on the corner of Lansdown Place and Lansdown Walk.
  • Cheltenham Spa Station is located an approx. 0.7 miles from the property

Additional information

  • Investment let at £44,268 p.a.