For Sale - Alder King

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For Sale On behalf of The Royal Pigeon Racing Association

Reddings House & Selby House Reddings Road The Reddings Cheltenham GL51 6RN  Detached office and residential buildings.  0.36 hectares (0.89 acres)  Potential residential refurbishment/redevelopment opportunity (subject to planning).

Bristol 0117 317 1000 Cardiff 029 2022 0000 Exeter 01392 353080 Gloucester 01452 623290 Swindon 01793 615477 Taunton 01823 444879 Truro 01872 222174

LOCATION The property is situated within the predominantly residential area of The Reddings approximately 100 metres from the junction with Badgeworth Road and 400 metres west of its junction with Grovefield Way. Cheltenham town centre is approximately 3 miles to the east.

Externally there is a tarmacadam surfaced parking area to the front of the Reddings providing up to 15 car parking spaces. There is access to the right hand side to the rear land/paddock. The property highlighted will be sold with the section of the Paddock highlighted in green on the plan below being retained. The retained land will benefit from a permanent right of way over a private drive.

DESCRIPTION SERVICES Reddings House provides a substantial two storey building with rendered and painted elevations incorporating single glazed windows beneath a pitched roof with tile covering. The property currently provides the offices for The Royal Pigeon Racing Association. The accommodation is arranged on two levels together with basement storage. The adjoining Selby House provides a detached and extended two storey dwelling with rendered elevations incorporating UPVC double glazed windows beneath a pitched roof with tile covering.

Interested parties are advised to satisfy themselves as to the availability and cost of service connections. We confirm we have not tested any of the service installations and any occupiers must satisfy themselves independently as to the state and condition of such items.

PLANNING/DEVELOPMENT PROPOSALS

ASBESTOS REGULATIONS

The Property is believed to have existing B1 (office) and C3 (residential dwelling) uses as defined in the Town & Country Planning (Use Classes) Order 1987 (as amended).

It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2006 (CAR 2006). The detection of asbestos and asbestos related compounds is beyond the scope of Alder King and accordingly we recommend you obtain advice from a specialist source.

Enquiries relating to the potential uses/redevelopment of the site should be directed to the Local Planning Authority, Cheltenham Borough Council, 01242 262626.

ENERGY PERFORMANCE CERTIFICATES TERMS Sale of the freehold subject to a Assured Shorthold Tenancy relating to Selby House (details available on request). There is also a separate licence agreement relating to an extension to the existing area of garden. It is intended that overage terms will be applied to any improved planning permission which increases the number of dwellings on the site. CONDITIONS The purchaser will be responsible for constructing the drive to the retained area of paddock highlighted green on the plan. METHOD OF SALE The property will sold by informal tender with offers invited by a date to be confirmed. PRICE The guide price is offers in excess of £650,000 for the freehold interest with vacant possession. RATING/BUSINESS RATES & COUNCIL TAX

The Energy Performance Asset Rating is E (104) for The Reddings and E (40) for Selby House. The full certificates and recommendations can be provided on request. SUBJECT TO CONTRACT Alder King LLP is a Limited Liability Partnership registered in England and Wales. No OC306796. Registered Office: Pembroke House, 15 Pembroke Road, Clifton, Bristol, BS8 3BA. A list of all Members is available at the registered office. VIEWING ARRANGEMENTS/FURTHER INFORMATION Alder King Property Consultants Brunswick House Gloucester Business Park Gloucester GL3 4AA FAO: Tel: Fax Email

John Hawkins or Philip Pratt 01452 623290 01452 623291 [email protected] [email protected]

Ref Date

PJP/LDG/N81704 June 2015

Interested parties are advised to make their own enquiries of the Local Billing Authority. LEGAL COSTS Each party to be responsible for their own costs in connection with the transaction. VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the sale price. We recommend that the prospective purchasers establish the VAT implications before entering into any agreement.