Offers over
£2,335,000
(£199.97/sq. ft)
Land for saleSelkirk Court, Cheltenham GL52
11,677 sq. ft
About this property
Situated in an affluent, primarily residential area on the junction of Pittville Circus Road and Selkirk Close
Well-located approximately 0.5 miles north east of Cheltenham Town Centre
Comprises 11,677 sq ft NIA, arranged over 4 floors
Currently arranged as 17 x bed sits and 11 x one bedroom flats
Freehold
Sold with Vacant Possession
Potential conversion to a variety of uses including private residential, student, hotel and retirement living (subject to planning)
We are instructed to seek offers in excess of £2,335,000 (two million three hundred and thirty five thousand pounds), subject to contract and exclusive of VAT (excluding purchasers costs)
A purchase at this price reflects a low £200 per square foot and £83,400 per unit
The Property comprises a detached, 4-storey residential block, arranged beneath a pitched tiled roof, constructed in 1977. The elevations are smooth rendered and comprise UPVC windows that were installed in 2019. The property benefits from a passenger lift. Surrounding the built structure is a mature, well-kept garden.
The property contains 28 apartments, currently arranged as 17 bedsits and 11 one-bed flats, previously used for "General Needs" by a registered residential provider.
The property occupies a 0.354-acre site which includes a well landscaped garden to the front and side, fronting Pittville Circus & Pittville Circus Road. There is parking for 9 cars as well as a bike shelter to the rear of the Property, both accessible via Selkirk Close.
The property will be sold with vacant possession.
Location
The property is situated in Cheltenham, an attractive Regency Spa town located 10 miles east of Gloucester, 52 miles south of Birmingham, 42 miles north of Bristol and 98 miles west of London, all of which are accessible via J10 and 11 of the M5. Cheltenham Spa Train Station is located 2.2 miles west.
The Property is situated in an affluent, primarily residential area on the junction of Pittville Circus Road and Selkirk Close, approximately 0.5 miles north east of Cheltenham Town Centre, via Prestbury Road.
The location is home to a number of hotels, and popular with students, families and young professionals due to it being just a 15-minute walk from the town centre, multiple primary and secondary schools and other nearby amenities including Pittville Park and the historic Cheltenham Racecourse. The Property further benefits from close proximity to the University of Gloucestershire’s Pittville Student Village, Francis Close Halls and Hardwick Halls.
The location benefits from excellent transport links withPrestbury Road, leading directly onto Tewkesbury Road, providing easy access onto J10 of the M5. The property also benefits from multiple bus stops within a 5-minute walk of the Property, providing access to the town centre, Cheltenham Spa Train Station and other nearby amenities.
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