This property offers a unique investment opportunity in the heart of Royal Leamington Spa, featuring a historic building that has undergone thoughtful renovation planning. The former restaurant and five-bedroom residence sits prominently on Chandos Street and comes with full planning permission for the transformation into seven two-bedroom luxury apartments, including the addition of a second floor.
Spanning an impressive total developed area of 6,038 sq ft (561 sqm), this project is positioned just a short stroll from key amenities such as The Parade and the Royal Priors Shopping Centre. The vibrant town centre boasts a diverse selection of boutiques, cafés, and bars, making it an attractive locale for professionals and those looking to downsize.
The approved plans for this property outline a unit breakdown consisting of seven well-proportioned two-bedroom flats, ranging from 60 to 80 sq m. This development not only provides ample living space but also includes designated communal areas that enhance the overall appeal of the project.
Given its location in one of Warwickshire’s most desirable property markets, the projected Gross Development Value (GDV) stands at £2.4 million, highlighting its strong investment potential. This could be an ideal venture for those looking to capitalize on the demand for high-quality residential units in an area known for its consistent performance in real estate.
This property represents a rare chance to create modern living spaces while preserving the character of a period building—truly a promising project for developers seeking to make their mark in an established community.
