Central Hotel, Portland Street, Cheltenham, GL52 2NZ

This impressive Georgian property, currently functioning as a 22-bedroom ensuite hotel, presents a significant investment opportunity in a sought-after town center location. With a solid income stream and well-established client base, it operates with minimal maintenance requirements, making it an appealing proposition for investors looking to enter the hospitality market. The building boasts charming regency features such as high ceilings, sash windows, and Juliet balconies that enhance its appeal. Spread over four levels, the layout is conducive to renovations that could further capitalize on the growing demand for quality accommodations in this vibrant area. The exterior includes rear off-road parking with ample space for several vehicles, which opens avenues for potential expansion or redevelopment (subject to necessary consents). This property not only benefits from proximity to iconic local attractions like the racecourse and various dining options but also has excellent transport links via the M5. Currently offering room-only services with modern amenities including LCD TVs and stylish ensuites across all rooms, there remains potential for optimization or conversion into different accommodation models. Having been managed by the same owner for two decades, this freehold opportunity stands ready for fresh vision and revitalization while still continuing to generate profitable returns.