Property description

**COOK RESIDENTIAL ARE DELIGHTED TO OFFER THIS RARE OPPORTUNITY TO ACQUIRE A BUILDING WHICH HAS RECENTLY HAD PLANNING PERMISSION GRANTED FOR 14 RESIDENTIAL APARTMENTS WITH PARKING**Cheltenham sits on the threshold of the Cotswolds, England's most fashionable rural location in an advantageous position for major road networks such as the M4, M5 offering good links to three major regional airports, Heathrow, and proximity to London. Cheltenham is most famous for being the home to the Gold Cup Horse Race (the most valuable non-handicap chase in Britain), its cultural music and literature festivals and thriving private education sector. Conjuring images of stunning Regency buildings, tree-lined roads and affluent boutique shops; not only is it a tourist hotspot it has also been selected by The Sunday Times newspaper (March 2014) as one of the best places to live in Britain.This three storey premises in the centre of Cheltenham is currently set up for commercial use but has recently had planning permission approved for conversion into and exclusive development of 14 residential apartments with parking. Part of the building front aspect looks out on to Albion Street and contains offices on the first and second floors. The second access is found off Cheltenham High Street which is neighboured by a mixture of retail / office / restaurant and residential occupiers.Existing commercial and approved residential plans are both available online and . The property currently comprises bar / dance floor area on both ground and first floors with kitchens and WCs. There is also lift access to a further bar area on the second floor.Externally the property currently benefits from open air terrace areas on the ground and first floors and there is also the rare advantage of off road parking for a couple of vehicles (access via the Albion Street entrance). The gross internal area is approximately 10,962 square foot / 1,018.4 square meters. - Ground floor 5,089 sq ft / 472.8 sq m - First floor 4,335 sq ft / 402.7 sq m - Second floor 1,356 sq ft / 413.31 sq m - Basement 182 sq ft / 16.9 sq m We have been informed that the rental value is approximately 70,000 per annum, exclusive or rates.We understand that VAT will be payable on this sale and understand each party is to bear their own legal costs.DRAFT DETAILS - AWATING VENDOR APPROVAL

Property Features :

• A Former Popular Nightclub For Sale
• Offered With No Onward Chain
• Approximate Rental Income Of £70,000
• Accessible Via Albion Street And Cheltenham High Street