>
Worcester Street, Gloucester GL1 Plot for sale
Worcester Street, Gloucester GL1
£485,000
Worcester Street, Gloucester GL1
£485,000
Our Summary
- A rare opportunity for development in Gloucester City Centre
- The planning permission has been granted to accommodate a purpose built apartment building of 14 Apartments spread over FOUR floors, benefitting a court yard area, bin and Bike store
- Summary - Planning ref
- This offers buyers the opportunity to structure payments in line with development progress
- This creates potential for redevelopment and offers buyers a clear route to unlocking the site’s full potential
- DEVELOPMENT OPPORTUNITY
- Development opportunity
Description
This rare development opportunity in Gloucester City Centre offers a prime location with easy access to the train station, Forum development, and Gloucester Quays. The planning permission has been granted for a purpose-built apartment building with 14 apartments spread over four floors, featuring a courtyard area, bin store, and bike store. The estimated gross development value is £2,205,000, with valuations expected in July 2025. The property is situated in a mixed-use area with commercial, retail, and residential buildings nearby. The seller is open to flexible purchase terms, including an initial payment with the balance settled on completion of the build, and is also willing to consider including a demolition option as part of the sale. This arrangement provides an excellent opportunity for buyers seeking flexibility in acquisition and development planning.