Office for sale in Cheltenham GL50

£285,000 < Back to search results

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Property Description

Cheltenham is a Regency Spa Town famed for its Horse Racing, Jazz, International Literature, Music and Science Festivals. This results in the town’s residential population of 115,000 persons and an affluent catchment of almost 390,000 persons is frequently swelled by festival visitors and tourists.

16 Ormond Terrace is located at the Southern end of Regent Street in the centre of town. It adjoins a dental practice and other commercial enterprises.

A Grade II Listed period end of terrace building planned on three floors. Lower ground floor a one bedroom apartment with separate entrance from the front.

Ground and first floor level commercial space last used as offices.

Approximate Net Internal Floor Areas
Ground Floor
3 main rooms extending to 33.59 sq m (362 sq ft)
including kitchen, WC and hand basin.

First Floor
3 main rooms extending to 44.09 sq m (475 sq ft)
WC and hand basin.

Lower Ground Floor
A one bedroom apartment. Generous hall with utility space, living room, bedroom, bathroom and kitchen. Rear courtyard. Vaults to front 35.5 sqm (381 sq ft)

Total Floor Area approximately 113.06 sq m (1,218 sq ft)

The commercial area may suit alternative uses such as retail, restaurant, clinic, health centre or residential. The property has a history of various past uses including as a HMO (House in multiple occupation). The last planning application was in 2017 under reference 17/00290/ful to change the use of the two upper floors to offices.

Recent changes to the classes order allow for greater flexibility in changing use of commercial premises without needing planning permission. Some years ago the property was occupied as a H.M.O.

Subject to Contract
Offers are invited in the region of £285,000 for the freehold interest with vacant possession of the ground and first floor but subject to the existing Assured Shorthold Tenancy (AST) on the lower ground floor.

Mains gas, water, drainage, electricity are connected. There are two gas fired central heating systems, modern fire alarm system. The property is understood to have been rewired about 5 years ago.

Property Features

    Location

    Bird Eye View