Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • To be offered on Wednesday 25 September
    • Freehold block of flats comprising for 6 x one bedroom self contained flats (1 flat sold off on long lease)
    • 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 from the property (subject to the existing leases)
    • Off road car parking and communal garden located at the front of the property
    • Unconverted space to the rear with possible development/change of use potential (subject to the requisite consents)
    • Please note the tenant at Flat 4 has served notice to vacate which will happen between exchange and completion
    • Click here for virtual tour

    Description

    Click here for virtual tour

    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.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Please note the tenant at Flat 4 has served notice to vacate which will happen between exchange and completion

    Rent

    £44,268 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    Please note the tenant at Flat 4 has served notice to vacate which will happen between exchange and completion

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      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

      Transport

      Cheltenham Station - National Rail services

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums