Prime town centre development opportunity comprising a 3 storey building (11,097 sq.ft. - source EPC) with planning consent for development. Two approved schemes, options for mixed use or residential only conversion. Freehold, vacant.

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Description/Location

Planning permissions granted by Swindon Borough Council: S/21/1839 granted 20/10/2022 for change of use to provide 34 room HMO. ERV £285,000 pa. S/22/0424 granted 15/07/2022 for change of use to a mixed use scheme comprising commercial space, 2 x 5 bedroom HMO, 10 x 1 bedroom apartments. ERV £180,000+ pa. The seller has also produced drawings for an alternative scheme (planning required) comprising 16 flats and 3,500 sq.ft commercial space. ERV £480,000 pa based on serviced accommodation (70% occupancy) and full leasing of the commercial space.

Tenure

Freehold
EPC rating G

Local Authority

Swindon Borough Council 01793 463000 www.swindon.gov.uk

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Please contact Richard James Estate agents on 01793 311034.

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*Guide Price & Reserves

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