• Two adjoining end of terrace mixed use buildings extending to approx. 4,742+ sq. ft

• Large rear yard, previously used for parking multiple vehicles

• Town centre location

• Development potential (subject to obtaining necessary consents)

• Vacant

• To be sold via Knight Frank Auctions on 14th December, unless sold prior

Property Description

By order of the Executors.

The property comprises two adjoining 4-story end of terrace buildings arranged over lower ground, ground, first and second floors, and benefits from a large yard to the rear, used for parking multiple vehicles.

The existing accommodation extends to approximately 440.6 sq. m. (4,742 sq ft) and comprises offices at ground floor, offices and a self-contained 1 bed flat on the first floor, two 1 bed flats on the second floor (one self-contained) and ancillary at lower ground.

The property benefits from a number of entrances. 99 provides access to two self contained flats on the first and second floors only. 101 provides access to the office space over ground and first floors. The door on Royal Well Lane provides access to flat 103 (not self-contained) on the second floor and the offices at ground and first floor.

The site area is approximately 0.09 acres and the property may benefit from a variety of alternative uses, subject to obtaining the necessary consents.

Cheltenham Borough Council
www.cheltenham.gov.uk/info/12/planning_and_development / 01242 264328

Open House Viewings (please turn up wherever convenient):
•Saturday 18th November – 12pm-1pm
•Monday 27th November – 12pm-1pm
•Monday 11th December – 12pm-1pm

Location

Cheltenham is a town on the edge of the Cotswolds in the county of Gloucestershire, that benefits from ample transport links including the M5 and A40, together with Cheltenham Spa train station. The property is situated directly west of the town centre in a mixed commercial and residential area, that benefits from a wide array of amenities and recreational facilities within walking distance.

Occupancy

Vacant

EPC Rating

D - F

Buyers fee

The buyers fee is £1500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details: The sale of this property will take place on the stated date by way of and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.