This property presents an intriguing opportunity for developers and investors looking to capitalize on a prime location in Malmesbury. Known as The Gig House, this freehold property spans 3,176 sq ft and is currently set up as office space but comes with granted planning permission to convert it into three residential units: a two-bedroom maisonette, a one-bedroom maisonette, and a three-bedroom flat. With its strategic position at the intersection of Oxford Street and Hollaway Hill, the potential for residential conversion is enhanced by community interest in alternative schemes such as a large family home or a house in multiple occupation (HMO).
The layout already incorporates communal areas that could be adapted further to maximize living space. While it offers immediate renovation prospects, the building's history allows room for creativity with additional residential concepts.
Given Malmesbury's rich historical background and its recent developments around technical innovation—thanks to institutions like Dyson—the property stands poised for significant value appreciation once converted. Investors can exploit both the local charm of this ancient town and its modern amenities, creating desirable living spaces in an area with robust market demand.
