FOR SALE On Behalf of Gloucestershire 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 Cheltenham 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. Cotswolds. There is excellent road communications arranged in clusters with each having a communal One cluster of 7 rooms with with the M5 motorway 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, Oxford and London 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 Paddington 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.