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Devon Place, Devon Avenue, Cheltenham

Devon Place is a part three, part two storey building of part rendered brick construction under a flat roof.

The majority of the accommodation is arranged in clusters with each having a communal kitchen/dining area providing a range of high- and low-level units, stainless steel single sink unit, cooker and washing machine.

There is a designated warden's office and a communal conservatory to the rear.

The property has been finished to a high standard throughout and includes:

  • Painted plastered walls and ceilings.
  • Carpet and lino floor coverings thoughout.
  • uPVC double glazed windows.
  • Combination of aluminium 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 consent has been implemented to develop a further 38 rooms on the site.

Location details:

The property is situated in the spa town of Cheltenham which has a population of approximately 110,000 and lies in the heart of the Cotswolds.

There is excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.

There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours.

Devon Place is located on Devon Avenue approximately 2 miles from the town centre in an established residential area. It is situated opposite a parade of retail units which include a Premier convenience store, Ladbrokes, hot food take away and launderette.

Accommodation:

The property comprises:

Ground floor:

  • Wardens Office.
  • One cluster of 7 rooms with shared kitchen/dining area.
  • One cluster of 6 rooms with shared kitchen/dining area.
  • Conservatory.

First floor:

  • One cluster of 7 rooms with shared kitchen/dining area.
  • One cluster of 6 rooms with shared kitchen/dining area.
  • Second floor:
  • One cluster of 7 rooms with shared kitchen/dining area.
  • One cluster of 2 rooms with shared kitchen/dining area.

Rates:

A search on the Valuation Office Agency website has revealed the following entry for the Wardens Office:

Office and premises:

Rateable Value: £2,450

Rate in £ 2020/2021: 0.499

The bedsits are listed within Bands A and B for Council Tax purposes.

Planning:

Consent was granted for the 'Erection of student accommodation comprising x 73 cluster flats and works to include landscaping, parking, provision for a warden and disabled space, cycle storage, bin/recycling storage and plant room.'

Further details on the planning permission can be viewed on the Cheltenham Borough Council website, planning ref: 07/01555/FUL. The planning permission has been implemented for the second phase of 38 cluster flats as foundations have been laid.

There is potential for the existing building to be converted to provide 15 no. 2 bedroom flats and to develop 4 No. 1 bedroom flats and 12 No. 2 bedroom flats in Phase 2.

Terms:

The property is offered freehold with vacant possession.

VAT:

The property is elected for VAT.

Legal costs:

Each party to bear their own costs incurred in the transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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