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Gloucestershire Business News

£850,000 block of flats - 28 Evesham Road, Cheltenham

The property comprises a well presented and maintained Grade II Listed mid-terraced Regency building, of Stucco plastered over brick elevations under a slate tile covered hipped and pitched roof. The rear elevation is covered, in part, by a flat roof.

The property was converted in the late 1980's to provide seven flats and the two basement flats have been sold off on a long-leasehold basis.

One of the upper floor flats is two bedroom and the remaining are one bedroom.

Energy performance certificate (EPC): Each flat has an energy efficiency rating of C or D. Copies of the certificates will be available on request.

Location:

Cheltenham is a Regency Spa town having a population of 115,000 (source Office for National Statistics 2010), located approximately 99 miles to the west of London and midway between Bristol and Birmingham adjacent to junction 11 of the M5 motorway with dual carriageway access to London via the A417/419 and M4 motorway.

Railway services are to London Paddington (2 hours 10 mins). The town hosts several major international festivals for science, literature, music, and National Hunt racing.

28 Evesham Road is situated approximately 500 metres from the town centre, adjacent to Pittville Park, in a predominantly residential area.

Accommodation and tenancies:

(Approximate measurements and floor areas) The upper floors provide five flats which are each subject to existing Assured Shorthold Tenancies (ASTs).

Copies of the tenancies are available on request.

Flat 3

2 beds

Gross Internal Area: 809 sq ft

Rent (per calendar month): £795

Flat 4

1 bed

Gross Internal Area: 504 sq ft

Rent (per calendar month): £595

Flat 5

1 bed

Gross Internal Area: 722 sq ft

Rent (per calendar month): £625

Flat 6

1 bed

Gross Internal Area: 680 sq ft

Rent (per calendar month): £625

Flat 7

1 bed

Gross Internal Area: 579 sq ft

Rent (per calendar month): £550

Total Gross Internal Area: 3,295 sq ft

Total Rent (per calendar month): £3,190

Council tax:

Flats 4, 5 & 7 are assessed at Council Tax band A. Flat 3 is band C and flat 6 at band B.

Method of sale:

The Vendor invites unconditional offers based on £850,000 for the freehold interest. The sale will be subject to the existing Assured Shorthold Tenancies (ASTs) and long leasehold interests.

VAT:

The property is not elected for VAT.

Legal costs:

Each party are to be responsible for their own legal costs incurred during this transaction.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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