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16 Bed House For Sale Pennine Road, Cheltenham, GL52
£485,000
1 of 4
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Last Updated: 10th April 2024
Description
An exciting opportunity to purchase a development site with full planning consent for 9 x apartments with parking.
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.
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.
Agent Details
Charles Lear
103, Promenade, Cheltenham, GL50 1NW
Show Contact Number
01242 222 722
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.