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Gloucestershire Business News

Offers in excess of £1.25million invited for former Cheltenham flower market

A unique development opportunity fronting the Bath Road in Cheltenham has hit the market.

With planning permission already secured, the former Robert Young flower market is set to be transformed into a three-storey building to accommodate a mixed-use scheme.

ASH Chartered Surveyors have been appointed to market what they have said is a "prime gateway development site".

The proposed scheme comprises seven would be two-bed apartments with a one-bed apartment on the upper floors and a retail unit on the ground floor. Each of the apartments will have an allocated parking space.

The ground floor unit has been granted consent for flexible use as a retail premises or restaurant or café with an outdoor seating area on the Bath Road permitted as part of the plans.

Harry Pontifex of ASH Chartered Surveyors said: "Development opportunities of this nature rarely come to the market in the Bath Road area which is reflected in the level of demand we have received to date, both locally and nationally.

"The proposed scheme will complement the residential and commercial offerings already situated in the area and in turn help regenerate this end of the Bath Road.

"Due to the level and variety of interest, our intention is to request offers by way of an informal tender by 12 noon on 31 March 2020."

Offers for the site are being invited in excess of £1.25million and further details are available upon request from the selling agent .

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