Rare freehold redevelopment plot with retail frontage and strong rental demand.
Freehold site with vacant possession and title AV215480
Gross internal area approx. 14,198 sq ft over several floors
Site area c.0.09 hectares (0.22 acres), large redevelopment footprint
Suitable for residential, student or mixed-use redevelopment (STP)
High internal ceilings and basement offer conversion flexibility
Built before 1900; solid brick walls likely need insulation work
EPC C66; glazing install date unknown and heating requires upgrade
Located on busy Gloucester Road; local crime levels are higher than average
This former Co-op on Gloucester Road is a substantial freehold development parcel with a 14,198 sq ft building and a c.0.09 ha site, offered with vacant possession. Its prominent high-street location, off-street parking and high internal ceilings make it well suited to a mixed-use, residential or student conversion (all subject to planning). The property sits in a busy, amenity-rich corridor favoured by students and young professionals, and benefits from excellent local transport links to the city centre and motorway network.
The building is a traditional mid-terrace brick structure dating from before 1900. Some fabric and services will require upgrading for modern residential use: walls are assumed to be solid brick with no insulation, glazing install dates are unknown and the heating is mains-gas boiler and radiators. EPC rating C66 indicates reasonable efficiency but further investment will be needed to meet current residential standards and student accommodation requirements.
Practical advantages include vacant possession, freehold title and ample internal floorplate with high ceilings and basement potential, simplifying redevelopment planning for retail ground floor with residential or student housing above. Key planning limitations are that any conversion or new build is subject to obtaining the necessary consents, and developers should allow time and budget for statutory approvals and potential remediation works.
Risks and constraints are straightforward: the site sits in an area with higher crime statistics, the building is pre-1900 and likely requires insulation and internal refurbishment, and there may be VAT implications. Legal and title checks are advised before exchange. For a developer or investor prepared to manage planning and refurbishment, this delivers a rare, large footprint on a busy arterial street with strong rental and amenity demand.
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