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Gloucestershire Business News

48 Swindon Road, Cheltenham

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 12 apartments (10 x one bedroom, 2 x two bedroom of which 5 are affordable housing - shaded purple on the floorplans. Please see planning consent dated 26th June 2020.

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 new 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:

Ground Floor:

Apartment 1 45 sq m (484 sq ft) 1 Bed (AF)

Apartment 2 50 sq m (538 sq ft) 1 Bed (AF)

Apartment 3 47 sq m (506 sq ft) 1 Bed (AF)

Apartment 4 46 sq m (495 sq ft) 1 Bed (AF)

First Floor:

Apartment 5 63 sq m (678 sq ft) 2 Bed

Apartment 6 45 sq m (484 sq ft) 1 Bed (AF)

Apartment 7 47 sq m (506 sq ft) 1 Bed

Apartment 8 76 sq m (818 sq ft) 2 Bed

Second Floor:

Apartment 9 46 sq m (495 sq ft) 1 Bed

Apartment 10 46 sq m (495 sq ft) 1 Bed

Apartment 11 51 sq m (549 sq ft) 1 Bed

Apartment 12 56 sq m (603 sq ft) 1 Bed

(AF) Affordable housing* Gross Internal Floor Areas

Guide price:

£600,000

Freehold offers are invited for the whole site with the benefit of the planning consent granted.

Rates:

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

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.

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 Chartered Surveyors 

01242 244744

enquiries@kbw.co.uk 

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