The site extends to just under 0.1 acres and the existing layout of the site includes the former enterprise rent a car premises, 3 x garages and associated hardstanding.

Planning permission has been granted by Cheltenham Borough Council for the demolition of the existing buildings and redevelopment to provide 3 x houses with 2 bedrooms, 1 x house with 3 bedrooms, 2 x apartment with 2 bedrooms and 1 x apartment with 1 bedroom.

Planning consent dated 10 February 2023.

We understand that water, drainage and electricity are connected to the site.

Location:

Cheltenham is a large spa town on the edge of the Cotswolds, with good access to the motorway network with junctions 10 and 11 within 4 miles of the town centre. The A417/9 also provides good access to the M4 motorway, London, and Swindon.

The subject site is situated in Swindon Road less than 1 mile north west of the town centre. The site is located close to a Lidl supermarket and the Brewery Quarter development which provides a gym, cinema complex, mini golf as well as a selection of chain restaurants and bars.

Accommodation:

Planning consent has been obtained for the following:

House 1 (end terrace)

115.3 sq m (1,241 sq ft)

• Bedroom 1
• Bedroom 2
• Bedroom 3/study
• 1 x bathroom
• Living room
• Dining/kitchen Area
• Utility
• Outside terrace
• Cycle store
• Internal garage with 1 x car parking space

House 2

103.2 sq m (1,111 sq ft)

• Bedroom 1
• Bedroom 2
• 1 x bathroom
• Living room
• Dining Area
• Utility
• Outside terrace
• Cycle store
• Internal garage with 1 x car parking space

House 3

103.2 sq m (1,111 sq ft)

• Bedroom 1
• Bedroom 2
• 1 x bathroom
• Living room
• Dining Area
• Utility
• Outside terrace
• Cycle store
• Internal garage with 1 x car parking space

House 4

103.2 sq m (1,111 sq ft)

• Bedroom 1
• Bedroom 2
• 1 x bathroom
• Living room
• Dining Area
• Utility
• Outside terrace
• Cycle store
• Internal garage with 1 x car parking space

Apartment 1 (ground)

51 sq m (549 sq ft)

• Bedroom 1
• Living/dining area
• Shower room
• Apartment 2 (first floor)
• 70 sq m (753 sq ft)
• Bedroom 1 with ensuite
• Bedroom 2
• Living/dining area
• 1 x bathroom

Apartment 3 (second floor)

70 sq m (753 sq ft)

• Bedroom 1 with ensuite
• Bedroom 2
• Living/dining area
• 1 x bathroom

Each apartment also has access to a ground floor internal cycle store.

NB. The site also still benefits from a previous planning consent dated 26th June 2020 (valid for 3 years) for the demolition of the existing buildings and redevelopment to provide 12 apartments (10 x one bedroom, 2 x two bedroom of which 5 are affordable housing).

Guide price:

£500,000.

Rates:

Current Rateable Value for the existing commercial accommodation: £10,500.

Draft Rateable Value (2023): £11,750.

Transitional relief may be available. The above information was obtained from the Valuation Office website. Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.

Planning:

A detailed information pack including the planning documents and S106 agreement can be provided upon request.

Ref: 322082

VAT:

All figures quoted are exclusive of VAT and intending purchasers must satisfy themselves as to the VAT position by taking appropriate professional advice.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Contact:

KBW Property Consultants 

01242 244744

enquiries@kbw.co.uk