Morgan Associates are delighted to showcase Tebbit House, which is a fantastic and unique four-storey mixed use development, which consists of nine, one- and two-bedroom apartments with three shops on the ground floor ensuring the investment brings both commercial and residential income. It’s situated in Cheltenham town centre, within easy reach of local amenities, Pittville Park and the High Street.
The building was originally offices and dates back to the late 1980’s and more recently converted into modern residential apartments and let out.
The apartments are spacious with bright open plan living rooms with lots of natural light. They are well-appointed with modern finishes, white walls, gloss kitchens and chrome finishes making them extremely attractive to tenants. The apartments benefit from a tidy communal entrance lobby that is accessed via a secure entry system through a gated courtyard.
The shops are occupied by a tattoo studio, barber and laundrette.
The rental income from the apartments is just below £90,000 p.a. and the shops bring in £30,000 p.a. Externally the development benefits from four secure parking spaces.