B&B near Cheltenham racecourse for sale

An elegant Victorian B&B in Cheltenham with bags of development potential has been put on the market for £1.495m.

The North Hall hotel is located in a tree-lined residential road near the town's Pump Room in Pittville Park and is just a 15-minute walk from the racecourse which hosts the internationally-famous Cheltenham Gold Cup.

Its prime location means it is also just a five-minute stroll from the centre of the Regency spa town in Gloucestershire that is viewed as the Gateway to the Cotswolds.

The two-star townhouse hotel retains many period details, including a marble surround fireplace in the dining room, sash windows, and ornate ceiling cornice and centre rose wall lights in the lounge.

It has 22 bedrooms (of which 21 are en-suite and the 22nd is currently used by staff along with a nearby private shower room), a 40-seat dining room and a 30-seat lounge bar.

To the side, a manager's bungalow provides a double bedroom, bathroom, kitchen and lounge with French doors leading to the enclosed garden at the rear.

The front garden is enclosed by a low stone wall with wrought iron railings and stone gate posts.

North Hall currently operates as a B&B offering some evening meals. It enjoys a good level of repeat business from commercial visitors during the week and leisure guests at the weekend.

"Although the current business pattern is mainly from bed and breakfast trade, the North Hall Hotel is an elegant town house which offers the opportunity for a new owner to develop the business into an up-market, full-service townhouse hotel, ideally located just five minutes walk from the town centre", said Jonathan Hill from Christie + Co's Bristol office, which is handling the sale.

"The hotel could also potentially offer facilities for business meetings and small wedding receptions."

By Angela Frewin