Nestled in the heart of Cheltenham's vibrant Bath Parade, Abbey Townhouse B & B presents an exceptional opportunity for investors, developers, and those seeking a potential conversion project. Currently operating as a charming & successful bed and breakfast, this substantial period property offers a range of exciting possibilities, subject to planning permission.The property comes with the approved planning to convert into two spacious residential dwellings, the split being quite simple with a few upgrades needed, offering an ideal opportunity of creating contemporary family homes in one of Cheltenham's most desirable locations. Alternatively, there is scope to convert the building into student housing or multiple apartments, subject to planning approval, making it a versatile investment for various buyer needs.In addition, the property offers the rare opportunity to acquire Abbey Townhouse B&B as a fully operational and established business. With its long-standing reputation and existing client base, the property provides a turnkey option for those looking to continue running a successful Bed and Breakfast in a prime Cheltenham location.Positioned in the heart of Cheltenham, the property enjoys a prime location just a short stroll from the bustling town centre.Bath Parade is renowned for its Georgian architecture and is surrounded by a mix of residential, commercial, and leisure facilities. With easy access to local parks, shops, cafés, and schools, the location offers an attractive proposition for both potential tenants and homeowners.The property itself offers a generous and well-proportioned layout, currently comprising multiple reception rooms, 2 kitchens, 14 guest bedrooms (the majority being en-suite), utility and ample storage. The property benefits from a large private garden, well-maintained facilities and 15 parking permits. There is ample space for reconfiguration to suit a variety of residential layouts, giving prospective buyers the freedom to design the ideal space for modern living.Given the demand for both residential and student housing in Cheltenham, alongside the rare chance to acquire a fully operational B&B business, this is an outstanding investment opportunity not to be missed.