Auction Property Mixed Use 

Clarence Parade, Cheltenham

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Features

  • Auction Date: 23rd & 24th June 2021
  • Five storey mixed use property
  • Grade II listed building
  • Basement, ground and first floor retail premises
  • Two bedroom flat let at £9,000 pa
  • Freehold - owner occupier of part
  • Potential to convert upper floors to flats
  • Prominent town centre location
  • Good internal condition
  • 90 working day completion

Address

9 Clarence ParadeCheltenhamGloucestershireGL50 3NY
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Property Details

•Online Auction: 23rd & 24th June
•Guide Price: £499,950+
•Grade II mixed use property
•Basement, ground and first floor retail premises
•Residential accommodation to second and third floors
•Freehold

The property comprises a grade II listed period property with a double-glazed, double frontage and traditional entrance. There are windows either side, providing plenty of natural light into the premises. The building throughout benefits from impressive ceiling heights.

The ground floor comprises two spacious retail areas, connected via a glass door. The upper floors are accessed via continual balustrade staircase.

The basement is currently used as a photography studio and sewing room, and also includes WC and storage area.

The first floor provides further retail accommodation through two interconnecting rooms.

The second floor is currently used as residential accommodation. There is a fitted kitchen, single WC and living room which is used by the residential occupier on the third floor.

The accommodation to the third floor provides a two-bedroom flat. There is potential to convert the second and third floors to form two or three flats. Subject to obtaining planning consent.

The residential flat can only be accessed through the ground floor shop.

Accommodation

Approx. 181.44 Sq. M / 1,953 Sq. Ft
(Measurements taken from a third-party source)

Services

We understand the property has mains gas, electricity, water, and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

The current owner occupier who has been established since 1970 would like to remain in occupation on the first floor paying £1,000 pcm/ £12,000 pa

The current tenant of the residential flat is on a periodic AST tenancy agreement, however would like to remain in occupation.

If required, the property can be sold with vacant possession.

Guide Price

£499,950+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Please contact a member of John Pye Property on 0115 970 6060 or email [email protected] to arrange an appointment.

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