Ready-for-development site with consent and short-term income in a well-connected urban setting.
- Planning permission granted for nine apartments (Application 5/OUT/24/1303)
- Large plot in Old Town; prominent, urban location
- Currently generates ~£18,000pa rental income from tenant
- Site contains workshops, garages and commercial buildings
- Can be sold with tenant or vacant possession available
- Very high local crime level; security/mitigation required
- Tenure details and council tax band unknown; confirm before purchase
- Fast broadband and excellent mobile signal on site
A large, prominently located development plot in Old Town, Swindon, with planning permission granted for nine residential apartments (Application 5/OUT/24/1303). The site currently operates as commercial premises with workshops, garages and offices, providing immediate rental income of approximately £18,000 per annum from the existing tenant. It can be offered with vacant possession if preferred.
The plot is well connected within a city/major town setting, with fast broadband and excellent mobile signal — practical for construction management and future residents. The wider area is described as very affluent with local classifications indicating ageing communities and families alongside highly qualified professionals, supporting strong rental or sale demand for well-designed apartments. Several primary and secondary schools rated Good to Outstanding are nearby.
Notable considerations: the property sits in a very high crime area, which will need addressing through design, security measures and potentially pricing. Tenure details and council tax band are currently unspecified and should be confirmed. The existing commercial buildings will require demolition or conversion work to realise the approved residential scheme, so buyers should allow for construction and remediation costs.
This opportunity suits investors or developers looking for a sizeable urban plot with consent in place and short-term income. The combination of permission for nine units, on-site garages/parking potential and favourable connectivity makes this a practical redevelopment project, provided due diligence on tenure, local crime mitigation and build budgets is carried out.
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