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SOLD STC

New Street, Cheltenham

£425,000
Young & Gilling LTD, Cheltenham
PROPERTY TYPE

Plot

SIZE

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Description

Development opportunity, with planning permission granted, for seven x one bedroom apartments, following partial demolition, conversion of existing buildings & construction over.

Planning was permitted on 15th November 2019, under application reference:
19/01446/FUL

24 New Street is located just a few minutes walk west from the town centre and its famed Promenade. The site backs on to Knapp Road and is in close proximity to all amenities, including the Lower High Street (three minute walk to the north), the Brewery Quarter Retail and Leisure Complex (five minute walk to the east) and Waitrose (two minute walk to the west).

Adjoining the above site is a rear car park area, accessed from Knapp Road. This also has planning consent for two x two bedroom flats. This area is currently let as parking on a 15-year lease from 2019, with a 3rd year break clause and 8th year thereafter, achieving £12,500 per annum. This is potentially also for sale as an investment and can be discussed separately.

For the permission for development, please see the EPC link below.

New Street, Cheltenham

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Cheltenham Spa Station0.9 miles

About the agent

Young & Gilling LTD, Cheltenham

First Floor Suite, 1 Royal Crescent, Cheltenham, Glos. GL50 3DA

Young & Gilling LTD, Cheltenham

Young & Gilling were established on October 1st 1834 by Messrs. Edward John Young & Thomas Gilling. According to records, the firm were at the forefront of turning Cheltenham’s famous Promenade from a residential street into the commercial centre that it is today.

In 1946 the company were awarded a plaque & statue by Phoenix Assurance in recognition of 110 years representation of the group. The plaque & statue of a Phoenix rising from the flames can still be seen on the front of the com

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Notes

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