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Gloucestershire Business News

Prime Gateway Development, 252 Bath Road, Cheltenham

Part of the Cheltenham's thriving Bath Road shopping area. Occupiers in the immediate vicinity include The Exmouth Arms, Norwood Arms, Natwest Bank and Lloyds Bank, Sainsburys Convenience Store, Co-op and a range of independent retailers.

Full planning consent has been obtained for a mixed use development comprising 8 apartments (Class C3) on the upper floors and a retail unit for flexible use as shop (Class A1) / restaurant, cafe (Class A3) on the ground floor.

There are 7 No. two bedroom apartments and 1. No one bedroom with double bedrooms, five with ensuite shower rooms, an open plan living/dining/kitchen area and seven have bathrooms and one with shower room.

Each apartment will have an allocated parking space with a cycle store also provided.

The proposed commercial unit has two entrances from Bath Road with feature glazing on the front elevation and additional glazing on Langton Road helping to enhance the natural lighting throughout.

The unit will have a designated seating area to the front and access is provided to the rear to the bin storage area. A ventilation shaft has been included.

We are advised that services exist within the locality and confirm that we have not tested any of the service installations. Any prospective purchaser must satisfy themselves independently as to the state and condition of such items.

INFORMATION PACK

An Information Pack is available on request from the agent. The pack contains the following: -

1. Replies to services inquiries.

2. Local Search.

3. Title documentation.

4. Answers to Pre-Contract Enquiries with supporting detail including: Refurbishment and Demolition Asbestos Report (Type 3) and Ground Investigation Report.

Location details:

The property is situated in the spa town of Cheltenham which has a population of approximately 110,000 and lies in the heart of the Cotswolds.

There is excellent road communications with the M5 motorway lying on the Western fringes of the town and the main A40 road providing access to the West Country, Oxford and London to the East.

There is in addition a main line railway station in the town forming a link to London Paddington with journey time of just under two hours.

Occupiers in the immediate vicinity include The Exmouth Arms, Northwood Arms, Natwest Bank, Lloyds Bank, Sainsburys Convenience Store, Co-op and a range of independent retailers.

Accommodation:

Ground Floor:

Retail unit

Shop (Class A1) or restaurant, cafe (Class A3)

320 sq m

First Floor:

Flat 1: 2 bedrooms - 99 sq m

Flat 2: 2 bedrooms - 106 sq m

Flat 3: 2 bedrooms - 85 sq m

Flat 4: 2 bedrooms - 86 sq m

Second Floor:

Flat 5: 2 bedrooms - 83 sq m

Flat 6: 2 bedrooms - 80 sq m

Flat 7: 2 bedrooms - 69 sq m

Flat 8: 1 bedroom - 53 sq m

Total developable area of circa 975 sq m (10,500 sq ft) with 8 on-site car parking spaces.

Total site area - 0.11 Hectares (0.28 Acres).

Rates:

The property will need to be assessed for Rating purposes at completion.

Planning:

Mixed use development comprising 8 apartments (Class C3) on upper floors and a retail unit for flexible use as shop (Class A1) / restaurant, cafe (Class A3) on the ground floor.

Terms:

The property is offered freehold with vacant possession. The sale contract documentation will provide for an uplift payment to be made triggered by the grant of planning consent for development with an increased floor area above the current consent.

VAT:

The site is not elected for VAT.

Legal Costs:

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

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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