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4 bed terraced house
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Our Summary
- Investment Opportunity
- An exceptional investment opportunity awaits with this Edwardian mixed-use property, perfectly positioned on Cheltenham's bustling High Street
- This apartment is poised for conversion into a 4-way House in Multiple Occupation (HMO), with a projected income of £500 per room, excluding bills
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Description
The property is a freehold Edwardian mixed-use building located on Cheltenham's High Street. The ground floor features an open-plan commercial unit with natural light, storage rooms, and a WC, with a current commercial lease generating £6,000 per year until March 2026. Above the commercial space, a self-contained apartment is currently a 3-bedroom duplex unit receiving £1,250 pcm, with a tenancy set to conclude in May 2026.
The second floor also includes a family bathroom and a study/store room. With proposed renovations, the apartment can be converted into a 4-way House in Multiple Occupation (HMO), generating £500 per room in rent, excluding bills. The first and second floors will include four bedrooms, complemented by a family bathroom.