For Sale 16 Bed Land 

Pennine Road, Cheltenham £485,000

Property Features

Location:
Pennine Road, Cheltenham, Gloucestershire, GL52 5HE
Reception Rooms:9
Bedrooms:16
Bathrooms:9
Tenure:Freehold

Contact Agent

12109_1
101/103 Promenade
Cheltenham
Gloucestershire
GL50 1NW
Tel: 01242 222722
sales@charleslear.co.uk

About the Property

An exciting opportunity to purchase a development site with full planning consent for 9 x apartments with parking.

    Property Photos

    Property Details

    Description

    Planning has been granted (21/02594/FUL) for the redevelopment of this brownfield site measuring 0.2166acres into 9 apartments, all of which benefit from parking. There are also three visitors parking spaces. The scheme would represent an excellent purchase for those looking to purchase a build to rent opportunity especially.

    Flat 1 (1B2P) - 42sqm. - £160,000 / £750pcm
    Flat 2 (2B3P) – 63sqm - £200,000 / £900pcm
    Flat 3 (2B3P) – 63sqm - £200,000 / £900pcm
    Flat 4 (2B4P) – 61sqm. - £195,000 / £950pcm
    Flat 5 (2B3P) – 63sqm - £220,000 / £900pcm
    Flat 6 (2B3P) – 63sqm - £220,000 / £900pcm
    Flat 7 (1B2P) – 51sqm. - £175,000 / £800pcm
    Flat 8 (2B4P) – 70sqm. - £245,000 / £1,000pcm
    Flat 9 (2B4P) – 70sqm. - £245,000 / £1,000pcm


    GDV - £1,860,000
    Total Monthly Rent - £8,100

    Location

    Pennine Road is located within a short walk of Prestbury Village which offers a good range of local shops and amenities, three public houses, proactive parish church and a local school in addition to beautiful walking country. In addition, Sainsbury's Oakley is nearby. Cheltenham town centre offers a wider choice of amenities in addition to a number of boutiques, restaurants and wine bars which may be found in Montpellier.

    General Information

    Planning Reference - 21/02594/FUL
    CIL Payable - £49,761.64
    GDV - £1,885,000
    Proposed Annual Rent - £83,400

    Parking for the proposed is accessible via Pennine Road and Prescott Walk.

    Floorplans

    Location Map

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    Enquire / Book Viewing

    Contacting 12109_1
    101/103 Promenade
    Cheltenham
    Gloucestershire
    GL50 1NW
    Tel: 01242 222722
    sales@charleslear.co.uk
    • arrange a viewing
    • arrange a valuation
    • be sent further property details
    • register for property updates

    Contact Details: