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Alder King markets mixed use Cheltenham development site

Property consultants Alder King are marketing a mixed use development opportunity on the site of Thomas House, St Margaret’s Road in the heart of Cheltenham town centre. 

The site, located opposite the Portland Street car park development site, has planning consent for the demolition of Thomas House and 1 St Margaret’s Parade and the construction of a contemporary block of 13 apartments with a ground floor retail/office unit.  The residential element of the scheme includes nine one bedroom and four two bedroom apartments at ground, first, second and third floor level.

It is being offered for sale by informal tender with a guide price of £550,000.  Alder King is inviting written offers by 12.30pm on Friday 17 January 2014.

Phil Pratt, partner at Alder King in Gloucester, said: “This is a very exciting opportunity in an area undergoing major redevelopment and I’m confident that the recovery in the residential market this year will have a very positive effect on the offers we’ll receive.”

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