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Worcester Street, Gloucester GL1 Plot for sale
Worcester Street, Gloucester GL1
£500,000
Worcester Street, Gloucester GL1
£500,000
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
- DEVELOPMENT OPPORTUNITY
- Development opportunity
Description
This rare development opportunity in Gloucester City Centre offers a prime location with easy access to the train station, new Forum development, and popular Gloucester Quays. Planning permission has been granted to build a four-story apartment building with 14 flats, including a courtyard area and bike storage. The project includes demolition of existing buildings and construction of two new four-story buildings, with a total gross development value of £2.205 million, estimated to be valued at £140,000 for one-bedroom apartments and £175,000 for two-bedroom apartments upon completion in July 2025. The property is situated in the heart of Gloucester, surrounded by a mix of commercial, retail, residential, and government buildings, making it an attractive investment opportunity.