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Gloucestershire Business News

Reddings House, Cheltenham, GL51 6RN

Description:

Reddings House provides a substantial two storey building with rendered and painted elevations incorporating single glazed windows beneath a pitched roof with tile covering.

The property currently provides the offices for The Royal Pigeon Racing Association.

The accommodation is arranged on two levels together with a basement for storage.

The adjoining Selby House provides a detached and extended two storey dwelling with rendered elevations incorporating UPVC double glazed windows beneath a pitched roof with tile covering.

Externally there is a tarmacadam surfaced parking area to the front of the Reddings providing up to 15 car parking spaces.

There is access to the right hand side to the rear land/paddock.

The property highlighted will be sold with the section of the Paddock highlighted in green on the plan below being retained.

The retained land will benefit from a permanent right of way over a private drive.

Location:

The property is situated within the predominantly residential area of The Reddings approximately 100 metres from the junction with Badgeworth Road and 400 metres west of its junction with Grovefield Way.

Cheltenham town centre is approximately three miles to the east.

Services:

Interested parties are advised to satisfy themselves as to the availability and cost of service connections.

We confirm we have not tested any of the service installations and any occupiers must satisfy themselves independently as to the state and condition of such items.

Planning/Development proposals:

The Property is believed to have existing B1 (office) and C3 (residential dwelling) uses as defined in the Town & Country Planning (Use Classes) Order 1987 (as amended).

Enquiries relating to the potential uses/redevelopment of the site should be directed to the Local Planning Authority, Cheltenham Borough Council, 01242 262626.

Terms:

Sale of the freehold subject to a Assured Shorthold Tenancy relating to Selby House (details available on request).

There is also a separate licence agreement relating to an extension to the existing area of garden.

It is intended that overage terms will be applied to any improved planning permission which increases the number of dwellings on the site.

Terms:

Sale of the freehold subject to an Assured Shorthold Tenancy relating to Selby House (details available on request).

There is also a separate licence agreement relating to an extension to the existing area of garden.

It is intended that overage terms will be applied to any improved planning permission which increases the number of dwellings on the site.

Conditions:

The purchaser will be responsible for constructing the drive to the retained area of paddock highlighted green on the plan.

Method of sale:

The property will sold by informal tender with offers invited by a date to be confirmed.

Price:

The guide price is offers in excess of £650,000 for the freehold interest with vacant possession.

Legal costs:

Each party to be responsible for their own costs in connection with the transaction.

Vat:

Under the Finance Acts 1989 and 1997, VAT may be levied on the sale price. We recommend that the prospective purchasers establish the VAT implications before entering into any agreement.

EPC:

The Energy Performance Asset Rating is E (104) for The Reddings and E (40) for Selby House.

The full certificates and recommendations can be provided on request.

Viewing arrangements:

FAO: John Hawkins or Philip Pratt

Tel: 01452 623290

Fax 01452 623291

Email :

jhawkins@alderking.com 

ppratt@alderking.com 

Ref PJP/LDG/N81704

Date June 2015

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