FOR SALE On Behalf of College

CHELTENHAM – DEVON PLACE, DEVON AVENUE, GL51 8AP

35 room student facility with planning consent implemented to develop an additional 38 rooms.

. Located within 2 miles of Town Centre and in close proximity to the Cheltenham Spa train station.

. Potential for a variety of uses subject to the necessary consents being obtained.

. High quality accommodation with each room benefiting from ensuite shower rooms.

. Situated within a secure site with gated access.

LOCATION DESCRIPTION ACCOMMODATION

The property is situated in the spa town of Devon Place is a part three, part two storey building The property comprises: Cheltenham which has a population of of part rendered brick construction under a flat approximately 110,000 and lies in the heart of the roof. The majority of the accommodation is Ground floor Wardens Office. . There is excellent road communications arranged in clusters with each having a communal One cluster of 7 rooms with with the lying on the Western fringes kitchen/dining area providing a range of high and shared kitchen/dining area. of the town and the main A40 road providing access low level units, stainless steel single sink unit, One cluster of 6 rooms with to the West Country, and to the cooker and washing machine. There is a designated shared kitchen/dining area. East. There is in addition a main line railway station warden's office and a communal conservatory to Conservatory. in the town forming a link to London the rear. First floor One cluster of 7 rooms with with journey time of just under two hours. shared kitchen/dining area. The property has been finished to a high standard One cluster of 6 rooms with Devon Place is located on Devon Avenue throughout and includes: shared kitchen/dining area. approximately 2 miles from the town centre in an Second floor One cluster of 7 rooms with established residential area. It is situated opposite . Painted plastered walls and ceilings. shared kitchen/dining area. a parade of retail units which include a Premier . Carpet and lino floor coverings throughout. One cluster of 2 rooms with convenience store, Ladbrokes, hot food take away . uPVC double glazed windows. shared kitchen/dining area. and launderette. . Combination of aluminum and uPVC doors. . Each bedroom has an ensuite shower room. . CCTV and key pad entry system.

The property is set within a secure site with landscaped grounds with allocated parking to the front and a bicycle store to the rear.

PLANNING TERMS

Consent was granted for the 'Erection of student The property is offered freehold with vacant accommodation comprising x 73 cluster flats and possession. works to include landscaping, parking, provision for a warden and disabled space, cycle storage, GUIDE PRICE bin/recycling storage and plant room.' Further details on the planning permission can be viewed Offers are invited in the region of £2,250,000. on the Cheltenham Borough Council website, planning ref: 07/01555/FUL. VAT The planning permission has been implemented for the second phase of 38 cluster flats as foundations The property is elected for VAT. have been laid.

LEGAL COSTS Tel: 01452 300433 or 01242 255242. There is potential for the existing building to be converted to provide 15 no. 2 bedroom flats and to Each party to bear their own costs incurred in the develop 4 No. 1 bedroom flats and 12 No. 2 transaction. bedroom flats in Phase 2.

VIEWING BUSINESS RATES/COUNCIL TAX Strictly by prior arrangement with the agents. A search on the Valuation Office Agency website has revealed the following entry for the Wardens Contact: - Office:

Simon McKeag [email protected] Description: Office and premises Or Rateable Value: £2,450 Rebecca Rigg [email protected] Or The bedsits are listed within Bands A and B for Harry Pontifex [email protected] Council Tax purposes.