35 room student facility with planning consent implemented to develop an additional 38 rooms.
Located within 2 miles of Cheltenham Town Centre and in close
proximity to the Cheltenham Spa train station.
Potential for a variety of uses subject to the necessary consents being
High quality accommodation with each room benefiting from ensuite
Situated within a secure site with gated access.
The asking price for this is 2.25M, but could get a deal at around 1.6M.
The GDV of this development is circa £4.164M with 2 bed flats selling for circa 150k and 1 beds for circa 110k.
The total GIA of the existing phase 1 building is 10,500 sq/ft and phase 2 would also be 10,500 sq/ft. it would be one for an investor to to do the conversion from Phase 1 cost effectively and the new-build at circa £1.5M to make this deal stack up.
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