For Sale 16 Bed Land
Pennine Road, Cheltenham £485,000
Property Features
Pennine Road, Cheltenham, Gloucestershire, GL52 5HE
Contact Agent
12109_1101/103 Promenade
Cheltenham
Gloucestershire
GL50 1NW
Tel: 01242 222722
sales@charleslear.co.uk
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.
Proposed Re-sale & Rental Prices
Plot 1 - £150,000/£625pcm
Plot 2 - £175,000/£675pcm
Plot 3 - £210,000/£775pcm
Plot 4 - £210,000/£775pcm
Plot 5 - £210,000/£775pcm
Plot 6 - £210,000/£775pcm
Plot 7 - £235,000/£850pcm
Plot 8 - £235,000/£850pcm
Plot 9 - £235,000/£850pcm
GDV - £1,870,000
Total Monthly Rent - £6,950
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.
