Investment opportunity - Grade II listed building, Hill Court Road, Cheltenham
By Matt Hall
Hill Court is a substantial detached Grade II Listed Building dating from the early to mid-19th century.
The building has been converted to 9 flats over basement and three upper floors with front hardstanding for car parking. The building is now in need of further renovation, repair, modernisation and decoration.
Hill Court retains a significant number of its period features including extensive moulded cornices and period doors and architraving. It is considered that the property offers an opportunity for being renovated and returned to a large single dwelling or being refurbished to provide a number of select apartments in an excellent residential location.
Hill Court is located within 300m of the entrance to Cheltenham Racecourse and close to UCAS Head Office about 1 mile to the north of Cheltenham Town Centre with access via the A435 Evesham Road.
There are nine lock up garages together with four smaller stores along the eastern side of the rear boundary. Parking is provided on the front forecourt with additional space to the rear of the site. The total site area extends to about 0.48 acre.
Potential development land
The rear car parking area and the garages are the subject of a separate planning application (now withdrawn) which show the clear possibility of the land accommodating perhaps two detached houses or some other form of development. (The proposed development involved demolition of the existing garages and stores).
The planning reference for the withdrawn application 19/00827/FUL at Cheltenham Borough Council. In addition to renovation being required of Hill Court, it is considered there may be a prospect for additional accommodation being provided within the current area of the building (subject to the necessary consents).
Energy performance certificates
The following Energy Performance Certificate ratings apply to each flat;
Flat 1 D58
Flat 2 E50
Flat 3 E40
Flat 4 D65
Flat 5 E39
Flat 6 E49
Flat 7 G4
Flat 8 D68
Flat 9 D56
Full details are available from the Agents.
Many of the current rents are historic with long term tenancies granted (on Assured Shorthold Tenancies) with no attempt by the landlord to increase the rents over the past years.
Offers in excess of £1.8 million are invited for the property known at Hill Court, subject to the existing occupational tenancies granted. All formal offers are to be accompanied by confirmation from the purchaser as to their identity and availability of funds to complete the purchase.
Viewing will be conducted on allocated viewing days by prior appointment. The allocated days are currently Tuesday 12 noon until 2 pm and Friday 11.00 am until 1.30 pm. Additional viewings can be arranged by prior notice at alternative times.
For further information or to arrange a viewing please contact the agents: -
John Ryde Commercial
14 Royal Crescent
Tel: 01242 576276
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