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New Street, Cheltenham - £425,000

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:

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.

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