Redevelopment Site / Investment Spread Eagle Court, Northgate Street, Gloucester, Gloucs, GL1 1SL

Description

The property currently comrpises a mixed use investment property with potential for re-development. The potential re-development (Subject To Planning) would show 4 Ground floor business units with 48 apartments (23, 1 bedroomed and 25, 2 bedroomed) over first, second, third, fouth, fifth, sixth and seventh Floors. Full plans are available on request.
The property currently produces a healthy income and when fully let over £100,000 per annum is acheived. The property could be converted under permitted development rights where 5, 1 bedroom and 23, 2 bedroom units have been indentified. This would leave the ground floor as commercial.

Location

The property is prominently located on the corner of Northgate Street and Bruton Way, Gloucester.