House For Sale £995,950
Gloucester Place, Cheltenham

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.

Bedroom One - 3.55 x 3.42 (11'7" x 11'2") -

Bedroom Two - 3.76 x 3.65 (12'4" x 11'11") -

Bedroom Three - 3.74 x 2.72 (12'3" x 8'11") -

Bedroom Four - 3.94 x 3.54 (12'11" x 11'7") -

Bedroom Five - 3.72 x 3.52 (12'2" x 11'6") -

Bedroom Six - 3.56 x 2.85 (11'8" x 9'4") -

Bedroom Seven - 2.92 x 2.81 (9'6" x 9'2") -

Bedroom Eight - 3.94 x 3.45 (12'11" x 11'3") -

Bedroom Nine - 3.72 x 3.52 (12'2" x 11'6") -

Bedroom Ten - 3.56 x 2.85 (11'8" x 9'4") -

Bedroom Eleven - 2.92 x 2.81 (9'6" x 9'2") -

Bedroom Twelve - 3.94 x 3.45 (12'11" x 11'3") -