4 bed terraced house for sale

High Street, Cheltenham GL50

An exceptional investment opportunity awaits with this Edwardian mixed-use property, perfectly positioned on Cheltenham's bustling High Street. This freehold building offers both immediate commercial income and significant residential rental potential, making it an attractive proposition for investors and business owners seeking a prime location.

The ground floor features a spacious open-plan commercial unit, currently operating as a barbershop. This versatile space benefits from natural light and excellent accessibility, making it suitable for a variety of retail or service businesses. Towards the rear, practical storage rooms and a well-appointed WC ensure functionality for commercial operations. Plans are in place to install a new staircase within this commercial unit, which will enhance internal access to the upper residential apartment.

Above the commercial space, accessed presently via the rear of the building, is a self-contained apartment spread across the first and second floors. Following the proposed renovations, internal access will be via the new staircase from the commercial unit. 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. The residential accommodation will comprise a well-equipped kitchen, an inner hallway, a versatile study/store room perfect for a home office, and a comfortable living area. The first and second floors will host four bedrooms, complemented by a family bathroom designed for convenience.

Alternatively, the property can remain as a 3-bedroom duplex apartment, currently achieving £1,250 pcm, with the tenancy concluding in May 2026. The existing commercial lease generates an income of £6,000 per annum, ending in March 2026. With a potential residential income of £24,000 annually, this property boasts an impressive potential rental yield of 10.91%.

This property offers an outstanding blend of commercial viability and residential comfort in a highly desirable location, providing a strong income stream and significant capital growth potential.

This property is Freehold.