Property Description
Here we have a great investment opportunity with this 12-bedroom town centre property completely ready to operate as an ideal entry into the Air B&B or short-term rental business on day one of ownership.
The property currently returns approximately 25% yield at full occupancy at the most popular lower priced end of the market. There is plenty of opportunity to reconfigure the layout and upgrade the fixtures and aim for a higher-end market if desired.
The property is a traditional mid-townhouse with private walled rear garden. All the relevant health and safety measures are in place. The property currently operates a programable, secure magnetic card entry system which also regulates energy usage. There are 12 double rooms with 4 on each floor, ground floor, first and second floors. There are no subterranean rooms. Bathroom facilities are provided on each floor.
The current owner charges 'from' £45
ight on midweek nights to £80
ight at weekends with up to £315
ight during race week and other various special events throughout the year including jazz festival week, music festival week, literature festival week etc.
This property is currently a trading business therefore viewing will be on a 'subject to occupancy' basis.
SUMMARY: Whether you are an established Landlord looking to increase a portfolio or a new investor looking for a first property that is an almost failsafe secure investment, this property will fit the bill. The location is ideal for guests on a weekend break and perfectly priced to attract traveling workers during the week. We highly recommend this ready-to-go thriving turn-key investment.
Cheltenham is known as 'The Jewel in the Crown' of the Cotswolds. There is a 364 day per year tourist industry with various 'peaks' in the market as mentioned above. The short-term rental/holiday let market is a huge industry which shows no sign of diminishing.
All viewings are strictly by appointment only.
The property currently returns approximately 25% yield at full occupancy at the most popular lower priced end of the market. There is plenty of opportunity to reconfigure the layout and upgrade the fixtures and aim for a higher-end market if desired.
The property is a traditional mid-townhouse with private walled rear garden. All the relevant health and safety measures are in place. The property currently operates a programable, secure magnetic card entry system which also regulates energy usage. There are 12 double rooms with 4 on each floor, ground floor, first and second floors. There are no subterranean rooms. Bathroom facilities are provided on each floor.
The current owner charges 'from' £45
ight on midweek nights to £80
ight at weekends with up to £315
ight during race week and other various special events throughout the year including jazz festival week, music festival week, literature festival week etc.
This property is currently a trading business therefore viewing will be on a 'subject to occupancy' basis.
SUMMARY: Whether you are an established Landlord looking to increase a portfolio or a new investor looking for a first property that is an almost failsafe secure investment, this property will fit the bill. The location is ideal for guests on a weekend break and perfectly priced to attract traveling workers during the week. We highly recommend this ready-to-go thriving turn-key investment.
Cheltenham is known as 'The Jewel in the Crown' of the Cotswolds. There is a 364 day per year tourist industry with various 'peaks' in the market as mentioned above. The short-term rental/holiday let market is a huge industry which shows no sign of diminishing.
All viewings are strictly by appointment only.
Bedroom One (3.55 x 3.42)
Bedroom Two (3.76 x 3.65)
Bedroom Three (3.74 x 2.72)
Bedroom Four (3.94 x 3.54)
Bedroom Five (3.72 x 3.52)
Bedroom Six (3.56 x 2.85)
Bedroom Seven (2.92 x 2.81)
Bedroom Eight (3.94 x 3.45)
Bedroom Nine (3.72 x 3.52)
Bedroom Ten (3.56 x 2.85)
Bedroom Eleven (2.92 x 2.81)
Bedroom Twelve (3.94 x 3.45)
Material Information
- Tenure: Freehold
Standout Features
- Twelve Bedroom Short-Term Rental Opportunity
- Three Story Town House
- Currently Running as a Lucrative Business
- Town Centre Location
- 25%+ Yield Potential
- All Rooms Have Short-Term Rental Facilities
- Magnetic Programmable Card Entry System
- Well Known Venue With Repeat Customers
- Tenure: FREEHOLD
- EPC Rating D | Council Tax Band B
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Gloucester Place, Cheltenham
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