For Sale 16 Bed Land 

Pennine Road, Cheltenham £485,000

Property Features

Pennine Road, Cheltenham, Gloucestershire, GL52 5HE
Reception Rooms:9

Contact Agent

101/103 Promenade
GL50 1NW
Tel: 01242 222722

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


    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


    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.


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    Enquire / Book Viewing

    Contacting 12109_1
    101/103 Promenade
    GL50 1NW
    Tel: 01242 222722
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