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22 bedroom terraced house for sale
Central Hotel, Portland Street, Cheltenham, GL52 2NZ
£1,495,000
Central Hotel, Portland Street, Cheltenham, GL52 2NZ
£1,495,000
Our Summary
- Externally and to the rear is a an off-road parking area, ample space for a number of vehicles, there is opportunity here for further development subject to the relevant consents
- The property sits within a large plot and certainly has scope for extension and/or redevelopment subject to the relevant consents
- Turning a good profit and with repeat business along with the development potential it offers, it's a worthwhile buy
- Investment opportunity
Description
This 22-bedroom hotel in Cheltenham's town center is a fantastic investment opportunity, generating good income with low input and maintenance. The Grade II Listed Georgian property boasts regency charm, with high ceilings, sash windows, and Juliet balconies. The hotel offers room-only accommodation, with modern bedrooms featuring LCD TVs, fridges, microwaves, and ensuites. The property has ample parking to the rear and scope for extension or redevelopment, subject to relevant consents. With a solid client base and repeat business, this is a worthwhile buy for anyone looking to acquire a low-maintenance accommodation business in the heart of the Cotswolds. The current owner, who has run the business for 20 years, is retiring, making this a rare and lucrative opportunity.